Tesla’s vehicle prices rise due to pressure on supply chain: Elon Musk

Tesla’s vehicle prices rise due to pressure on supply chain: Elon Musk

Tesla CEO Elon Musk attends an opening ceremony for Tesla’s China-made Model Y program in Shanghai, east China, Jan.7, 2020.

Ding Ting | Xinhua News Agency | Getty Images

The price of You’re here Vehicles are increasing due to supply chain pressures in the auto industry, especially for raw materials, Elon Musk said Monday in response to a tweet.

“Prices are rising due to the strong pricing pressure in the industry-wide supply chain. Raw materials in particular,” Musk said in a tweet.

He was responding to an unverified Twitter account called @ Ryanth3nerd, which read: “I really don’t like the direction that @tesla is going to raise vehicle prices but removing features like lumbar for the Model Y …”

In May, Tesla increased its Model 3 and Model Y prices, the automaker’s fifth additional price increase for its vehicles in just a few months, the Electrek website reported.

On an April earnings conference call, Musk said Tesla had experienced “some of the toughest supply chain challenges,” citing a chip shortage. “We mainly got out of this particular problem,” he added at the time.

Responding to the removal of the passenger side lumbar support from Tesla’s Model Y, Musk said, “Movable lumbar was only removed in the front passenger 3 / Y seat (obviously not there in the rear seats). The logs showed almost no use. Not worth the cost / mass for everyone when almost never used. “

Earlier Monday, the Electrek reported that new Tesla Model Y owners were reporting that their electric SUVs were delivered without lumbar support on the passenger side.

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