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3/15, 5:51 AM (Source: TeleTrader)
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Prices of all Tesla vehicles rise

Tesla Inc. increased prices for all of its vehicles after CEO Elon Musk stated that the company is experiencing "significant" inflationary pressure.

The price of Tesla's cheapest electric car, Model 3, currently stands at $47,000. The price of Model Y went up by $2,000 and now stands at $62,990. The price of Model S increased as much as $5,000, coming at $99,990, while Model X costs $114,990, after a $10,000 price increase. The changes in pricing will not be applied to orders made before March 14, according to Electrek news.

Previously, in complaining about rising inflation on Twitter, Musk shared a Financial Times article that said commodity prices reached their highest level in 40 years due to the ongoing crisis in Ukraine.

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