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Musk confirms prices of Tesla cars are on the rise
A supply chain issue, impacting electric car maker Tesla is seeing prices for EV’s rise
Tesla boss Elon Musk confirmed in a tweet that Supply chain pressures across the auto industry, particularly for raw materials is the reason for the dramatic increase in prices.
Musk was responding to an unverified Twitter account that questioned why the carmaker was raising its prices
Tesla has increased the prices of its Model 3 and Model Y electric cars five times in a matter of months.
This spate of price hikes started back in February this year.
The carmaker has not been immune to the ongoing global supply chain issues, which include the semi-conductor crisis, amid the pandemic.
And According to reports, Tesla has been forced to hold around 20 thousands units of Model 3 and Model Y cars because of a missing part.