Tesla’s vehicle price increases due to supply chain pressure, CEO Elon Musk says

Tesla’s-vehicle-price-increases-due-to-supply-chain-pressure,-CEO-Elon-Musk-says

June 2, 2021: -The price of Tesla vehicles is increasing because of the supply chain pressure across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet.

“Prices increasing because of the major supply chain price pressure industry-wide. Raw materials especially,” Musk said.

He was responding to an unverified Twitter account called @Ryanth3nerd, which said, “I don’t like the direction @tesla is going raising prices of vehicles but removing features like lumbar for the Model.”

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

During an earnings conference call in April, Musk said Tesla had experienced “some of the most difficult supply chain challenges,” citing a chip shortage. “We’re mostly out of that particular problem,” he added at the time.

In response to the removal of lumbar support on the passenger side in Tesla’s Model Y, Musk said, “Moving lumbar was removed only in the front passenger seat of 3/Y. Logs showed almost no usage. Not worth cost/mass for everyone when rarely used.”

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

Editor's Choice

Posts You Might Like

A Leader in Unrivalled Security | Joseph McGee

Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.

Styling the Perfect Wine | Jay Wright

Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.

Leading Farmacosmo with Vision and Innovation | Fabio de Concilio

Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.

Leave us a message

Subscribe

Fill the form our team will contact you

Advertise with us

Fill the form our team will contact you​