(Reuters) – Tesla (NASDAQ: TSLA) Inc. hiked pricing for all of its automobile models in the United States, the company’s most recent price increase due to continued supply-chain difficulties.
After postponing the delivery of some long-range models in the United States by up to a month, the electric vehicle manufacturer upped the price of its Model Y long-range from $62,990 to $65,990 on Thursday, according to its website.
The price increase is a result of rising costs of raw materials, especially aluminum, used in automobiles.
In recent weeks, Tesla CEO Elon Musk has issued a warning about the possibility of a recession. Tesla CEO Elon Musk stated earlier this month that he had a “terrible feeling” about the economy after reducing approximately 10% of Tesla’s workforce.