Profit Sheets

Price of Tesla vehicles surges on supply chain pressure: Elon Musk

June 1, 2021 04:35 PM

Price of Tesla vehicles surges on supply chain pressure; Elon Musk
Price of Tesla vehicles surges on supply chain pressure, During an an earnings conference call in April, Musk said Tesla had experienced.

The Price of Tesla vehicles surges on supply chain pressure across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet.

“Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially,” Musk said in a tweet. He was responding to an unverified Twitter account called @Ryanth3nerd, which said, “I really don’t like the direction@tesla is going raising prices of vehicles but removing features like lumbar for the Model Y…”.

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.

Also Read: WTO members should initiate text-based talks on COVID-19 vaccine

Price of Tesla vehicles surges on supply chain pressure, During an 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 front passenger seat of 3/Y (obv not there in rear seats). Logs showed almost no usage. Not worth cost/mass for everyone when almost never used.”

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

Leave a comment

Your email address will not be published. Required fields are marked *

Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here