How Do Tesla Prices Affect The Ev Economy?

Tesla, Inc. (TSLA) has once again raised prices on some of its U.S. electric vehicles (EVs) because of a mix of inflation and supply chain constraints.

Tesla Inc. (TSLA.O) raised its price for its long-range Model Y from $62,990 to $65,990,

 its website showed on Thursday, following delays in US deliveries for some longer-range models that lasted as much as a month.

 Tesla slashed prices in China last year in an effort to become more competitive there,

while in the United States, Teslas biggest market, the electric automaker has raised prices over the last year due to the higher cost of raw materials.

CBS News reported Tesla CEO Elon Musk tweeted the company is seeing substantial inflationary pressures recently

on the raw materials and logistics side, hinting at what is behind those price increases.

 Elon Musk said Tesla is waiting for inflation to " level off so that it can finally begin reducing its EV prices, which have increased by 20%-30% in the past two years.

 While some investors appear concerned that higher auto prices may be killing demand for new cars,

Tesla, an electric vehicle manufacturer, is currently running a few months long backlog, which is visible in the automakers online ordering configurator.

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