Elon Musk blames ‘supply chain price pressure’ for Tesla’s increasing prices

Elon Musk blames ‘supply chain price pressure’ for Tesla’s increasing prices

Tesla CEO Elon Musk has accused production network cost pressure for gradual cost builds the organization has made to its Model 3 and Model Y vehicles in the course of recent months. “Costs expanding because of significant inventory network value pressure industry-wide,” the CEO tweeted in response to a complaint about the changes. “Raw materials especially.”

Today, the CEO followed up to say that “microcontroller chips” are a specific test at this moment. Yet, in spite of the fact that Musk said that he’s “seen nothing like it,” he added that he doesn’t anticipate that this should be a drawn out issue. “Dread of running out is making each organization overorder – like the bathroom tissue lack, yet at epic scale.”

Musk had previously indicated in an April earnings call that Tesla was well placed to weather the global chip shortage by “pivoting extremely quickly to new microcontrollers.”

Electrek has been tracking Tesla’s price changes in recent months. The Standard Range Plus version of the Model 3 has increased from $36,990 in February to $39,990 in late May, for example, while the Model Y Long Range AWD version has gone from $49,990 to $51,990 over the same period. Tesla has updated its prices almost half a dozen times since February this year.

Tesla is a long way from exceptional in seeing its costs influenced by the worldwide chip deficiency, which affects the assembling of everything from games control center to toaster ovens. Automakers have been especially seriously hit by the lack, and have needed to briefly close down creation lines even as interest for new vehicles and trucks increments.

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