Tesla raised prices on two models by $5000, weeks after raising prices on its best-selling cars.

The price of Tesla's Model X Long Range and Model S Long Range automobiles was increased by $.




Elon Musk, CEO of Tesla, stated that the company increased the price of two different models this month due to issues with its force network.

Musk solicitations to make Teslas more reasonable by 2023 and have plans to drop many vehicles to nearly 50 of their present cost.

As a result of ongoing problems with its product network, Tesla has increased the prices of two of its vehicles, bringing the company's electric vehicles to the top of the list of the most expensive brands overall.

The increase in Tesla's prices comes when chip shortages slow down the company's ability to deliver vehicles, and customers are significantly delayed in receiving their orders.

According to the information provided by Tesla, the automobile patron has increased the price of its Model X Long Range and Model S Long Range vehicles by $. Furthermore, in recent times, Tesla has also increased the price of its Model 3 and Model Y automobiles by $.

According to the prices listed on Tesla's website, the Model X Long Range and Model S Long Range can currently be purchased for a combined total of $ and $. Recent increases in prices suggest that the price of a Model Y Long Range and a Model 3 Standard Range Plus will currently set you back $ and $, respectively. The Model 3 Standard Range Plus at$ is Tesla's most financially astute automobile offering.

The request made by Insider for Tesla to comment on the recent changes in value was not met with a response from the company.

According to details provided by Insider, Tesla CEO Elon Musk stated this month at the company's monthly investor meeting that the necessity of the force network has caused an increase in cost.

Musk stated in front of the gathered individuals that "we're seeing huge expenditure pressure in our product network."

Therefore, we have requested that vehicle costs be increased, at least to some degree, for a short time; however, we want to reduce the prices after some time has passed and make them more reasonable.

According to Mint, particular Tesla models, such as the Model 3 SR, make some stage-by recollections of nearly a year's worth of data. As a result, the delivery of Teslas to the many guests who have placed an order for one should be delayed until September 2022.

The last time, Musk guaranteed that Tesla would deliver a less expensive vehicle near a$ value point by 2023. This would be nearly 50 of the expenditure for the automobile manufacturer's current least costly car. However, according to Musk's admission in September, the organization was confronted with "truly insane scarcities" and "crazy challenges" because of the worldwide shortage of central processing units, harborage detainments, and COVID-19 limitations in China. The postponements make it unclear whether or not Tesla will realize its goal of producing a vehicle with a lower cost by the year 2023.

Tesla's performance on Wednesday exceeded the expectations of analysts on Wall Street. The company reported a 57 percent year-over-year increase in revenue, bringing the company's total revenue for the most recent quarter to $13.8 billion. This drove the company's stock price to new highs on Friday and brought Elon Musk's real wealth to $250 billion.

The article is written with the help of ShiTecno.

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