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Tesla raises the price of its Model Y by $3,000 in the United States
Tesla thus increased the price of its Model Y by 3,000 dollars (2,869.17 euros), bringing it to 65,990 dollars on Thursday, after delaying deliveries of this model in the United States by a month.
Raw material costs are skyrocketing
The 5% tariff hike comes as raw material costs soar and automakers struggle to source chips and other supplies due to a perceived global shortage.
Rising prices don’t seem to be dampening demand for Teslas yet
“While some fear that price increases will destroy demand, for now, Tesla remains under a supply constraint,” notes Credit Suisse. Playing on the fact that its Model Ys are becoming rarer and betting on the irresistible desire of US consumers who are supposed to be ready for anything – or almost – to afford a Tesla. But the wallet of the American – certainly easy – could not be extensible indefinitely. Still, the game has to be worth the candle…. Still, for the moment, the manufacturer is somehow playing competition between buyers, deliveries being “granted” to the highest bidders…
Rivian, a rival to Tesla, also raised prices by more than $10,000 for new orders of its base model.