Tesla Inc again raised prices for all its car models in the United States.
The electric carmaker increased its Model Y long-range price to $65,990 from $62,990.
The 5% price hike comes as costs of raw materials of everything from aluminum to lithium used in cars and batteries surge, while automakers struggle to source chips and other supplies due to an industry-wide shortage.
Credit Suisse said the price hike represents in some cases the fourth one in the United States in 2022. “
Tesla Chief Executive Elon Musk has previously said that lithium is responsible for cost increases and “a limiting factor” to EV growth, encouraging carmakers to get into the lithium business.
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