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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/3\/15\/22978817\/tesla-ev-price-increase-raw-materials-inflation<\/a> Tesla has raised prices across its entire line-up of electric vehicles. Prices have increased by between 5 to 10 percent, with the cheapest car the company sells \u2014 the Model 3 Rear-Wheel Drive \u2014 now starting at $46,990, while its top-end Model X Tri motor saw a price increase of $12,500, from $126,490 to $138,990. <\/p>\n It\u2019s the second price bump Tesla has implemented in less than a week, after it increased the cost of certain long-range models last Wednesday<\/a>. However, today\u2019s price raises are not only more substantial than last week\u2019s but apply to every vehicle the company sells.<\/p>\n Here\u2019s how those increases play out (with old prices sourced from archived copies of Tesla\u2019s website via Wayback Machine, dated to March 10th or more recent):<\/p>\n Tesla and its otherwise-garrulous CEO Elon Musk have yet to comment specifically on the new price increases, but a number of factors have likely played a part. On Monday, Musk tweeted<\/a> that \u201cTesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics\u201d \u2014 inflation is up 7.9 percent in the US this year<\/a>, caused by the increasing cost of energy, food, and services, while the prices of raw materials<\/a> used to build EVs (like steel, nickel, and palladium) are soaring in price due to Russia\u2019s invasion of Ukraine.<\/p>\n<\/div>\n
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