Tesla CEO Elon Musk speaks at a supply ceremony for Tesla China-made Mannequin 3 in Shanghai, east China, Jan. 7, 2020.
Ding Ting | Xinhua Information Company | Getty Photos
The corporate raised the costs of all its fashions within the U.S. In China, a model of the Mannequin 3 and the Mannequin Y noticed value hikes. It’s the second increase within the last week.
Tesla didn’t give a motive for the will increase. The corporate was not instantly accessible for remark when contacted by CNBC.
However Musk mentioned in a tweet earlier this week that Tesla and his house exploration firm SpaceX have seen “vital latest inflation stress in uncooked supplies & logistics.”
Supplies corresponding to nickel, a key element of electrical automobile batteries, are on the rise.
In the meantime, a flare-up of Covid cases in China and lockdowns in some cities have added a further challenge to already-stretched provide chains. Important parts like semiconductors additionally stay briefly provide.
On Tuesday, Tesla’s China web site listed the beginning value of the Mannequin 3 Efficiency at 367,900 yuan ($57,648). The South China Morning Submit reported on Mar. 10 the value was 349,900 yuan after a earlier improve that day.
The Mannequin Y Lengthy Vary in China now prices 375,900 yuan — up from the earlier value of 357,900 yuan. The Mannequin Y Efficiency is at present priced at 417,900 yuan, up from 397,900 yuan beforehand.