Friday, 24 March, 2023

Tesla cites high inflation, supplier pressure for increased car prices

<p>Tesla has increased vehicle prices by 5-10% in anticipation of rising costs from suppliers and logistics in the next 6-12 months. CEO of Tesla, Elon Musk said that it is difficult with inflation at 40-50 year high and suppliers seeking 20-30% cost increment for parts. The company is expecting the supply chain crisis to last for another year which will cripple its production capacities. Musk also said that the waitlist for cars is so long that it might extend into next year.&nbsp;</p>