Due to higher material costs and the worldwide supply-chain issue, US pricing for numerous Tesla models has jumped by up to $6,000, impacting Tesla’s profitability.
According to a digital snapshot of Tesla’s website on Wayback Machine, the price of Tesla’s Model X jumped from $120,490 on May 18 to $126,490.
As of last month, the Model Y list price was $64,990, while the Model S list price was $109,490, an increase of $10,490.
There have been reports that the recent Covid-19 lockdowns in Shanghai, where Tesla’s Gigafactory is located, could cause delivery delays, prompting a 34% drop in the stock price of Tesla (ticker: TSLA). The second-quarter deliveries of electric vehicles are expected to fall short of estimates, according to Barclays analysts this month.
As a result of CEO Elon Musk’s $44 billion intention to acquire social media site Twitter TWTR +2.07 percent (TWTR), several Tesla investors have expressed their displeasure.
In premarket trade, Tesla shares have lost 4%.
The post Us Pricing for Several Tesla Models Has Risen by Up to $6,000 Due to Increased Commodity Costs and the Global Supply-chain Problem. appeared first on Best Stocks.
