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Tesla hikes its car prices by thousands of dollars

Tesla hikes its car prices by thousands of dollars

CBSN
Friday, June 17, 2022 12:55:11 PM UTC

Electric car maker Tesla is hiking the prices of its vehicles in the U.S. amid rising raw materials and logistics costs. 

The price of the startup's Model Y long-range car is listed for $65,990 on Tesla's website, up from $62,990, Reuters first reported. Tesla also raised the price of its Model 3, Model X and Model S vehicles. 

The Model 3 Long Range got a $2,500 price increase, going from $54,490 to $57,990, according to Electrek, a website that tracks electric cars. Tesla upped the price of its Model S Dual Motor All-Wheel Drive Long Range vehicle by $5,000 to $104,990. The Model X now costs $120,990. 

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