The price update happened due to a significant increase in prices for raw materials as well as other tensions within the automotive industry. Back in April, Elon Musk stated that they had some issues with the supply chain. Now, the company has the same problems.
The EV giant Tesla Inc. (NYSE: TSLA) is seeing an increase in its vehicle price. In particular, its Model 3 and Model Y became more expensive, with the removal of lumbar support on the passenger side in Model Y at the same time. While some are criticizing Tesla for this movement, Elon Musk explains that the price increase is just a result of “supply chain pressure” in the auto industry globally.
In response to a tweet by the user @Ryanth3nerd, Musk wrote:
A mozgó deréktájt csak a 3/Y első utasüléséről távolították el (a hátsó üléseken nem). A naplók szinte semmilyen használatot nem mutattak. Nem mindenkinek éri meg a költség/tömeg, amikor szinte soha nem használják.
Az árak növekedése az ellátási láncban az egész iparágra kiterjedő jelentős árnyomás miatt. Nyersanyagok különösen.
- Elon Musk (@elonmusk) May 31, 2021
Tesla Vehicle Price Changes
So far this year, Tesla has made changes to its vehicle price already three times. Back in February, the company cut the prices of both the Model 3 and Model Y lineups, with the cheapest vehicle starting just under $37,000. Further, in March, Tesla reviewed its price policy and increased the price of its cars. Now the Model 3 Standard Range Plus, which was the cheapest vehicle the company offered before, cost $37,490. Model S, Model Y, and Model X prices remained mostly unchanged.
Now, Tesla has changed the prices again. According to the report by the Electrek website, Tesla’s Model 3 Standard Range Plus and Model 3 Long Range AWD both added $500 to their price. Tesla Model Y Long Range AWD increased in price by the same amount as well. This update is due to a significant increase in prices for raw materials as well as other tensions within the automotive industry. Back in April, Elon Musk stated that they had some issues with the supply chain. Now, the company has the same problems.
The supply chain issue is not the only problem Tesla has to handle. As we have reported earlier, Tesla késleltetett the production at its new Berlin Gigafactory because of battery issues.
Tesla (TSLA) Stock Performance
Following the news, Tesla stock rose in the early trading. Yesterday, it closed at $625.22, but today it has added 0.73% to $629.77. Tesla’s market cap is $602.29 billion. In the past 12 months, TSLA stock has jumped by 248%. However, year-to-date, it is 11.40% down.
According to many analysts, Tesla’s stock price has a lot to gain ahead. For example, Colin Rusch, an analyst at Oppenheimer who has the most optimistic vision on Wall Street, set a price target of $1,036 in 2021 for Tesla. Robert W. Baird predicts $736.00 for Tesla shares. A Goldman Sachs Csoport (NYSE: GS) analysts set their price target at $860.00. There are currently 11 sell ratings, 12 hold ratings, and 12 buy ratings for the stock. The average consensus rating for Tesla stock given by Wall Street is ‘hold’.
Daria gazdasági hallgató, aki érdeklődik a modern technológiák fejlesztése iránt. Szeretne minél többet megtudni a kriptokról, mivel úgy gondolja, hogy ezek megváltoztathatják a pénzügyre és az egész világra vonatkozó véleményünket.
Source: http://feedproxy.google.com/~r/coinspeaker/~3/eKEnlRon5Ds/
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