Elon Musk warns of rising Tesla prices as global chip shortage bites
Tesla reportedly considering paying upfront for semiconductors or even building its own factory to solve supply problem
1 June 2021 • 10:29am
Elon Musk has warned that Tesla has been forced to raise the prices of its cars due to a global shortage in computer chips.
The Tesla chief executive wrote on Twitter on Monday that “prices [are] increasing due to major supply chain price pressure industry-wide. Raw materials especially”.
Tesla raised the prices of its Model 3 and Model Y electric cars by $500 (£352) each last month, the fifth price increase made by the business in several months.