Tesla hikes U.S. prices across car models

Interior view of a Tesla showroom on April 26, 2022 in New York City.

Kena Betancur | Corbis News | Getty Images

Tesla raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.

The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after delaying the deliveries of some long-range models in the United States by up to a month.

The price hike comes as costs of raw materials have surged, including aluminum that is used in cars.

Tesla CEO Elon Musk has warned about the risk of a recession in recent weeks. Earlier this month, Musk said he had a “super bad feeling” about the economy and said Tesla needed to cut 10% of jobs at the company.

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