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Tesla’s vehicle prices are rising owing to supply chain pressure, according to CEO Elon Musk.

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  • Elon Musk responded to a tweet on Monday by saying that the price of Tesla automobiles is rising owing to supply chain difficulties in the car sector, notably for raw materials.
  • “Prices are rising as a result of widespread supply chain pricing pressure. “Raw materials, in particular,” Musk stated in a tweet.
  • He was reacting to an unverified Twitter user called @Ryanth3nerd, who claimed, "I really don't like the way @tesla is heading, boosting car pricing while deleting options like lumbar for the Model Y..."

Elon Musk responded to a tweet on Monday by saying that the price of Tesla automobiles is rising owing to supply chain difficulties in the car sector, notably for raw materials.

“Prices are rising as a result of widespread supply chain pricing pressure. “Raw materials, in particular,” Musk stated in a tweet.

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He was reacting to an unverified Twitter user called @Ryanth3nerd, who claimed, “I really don’t like the way @tesla is heading, boosting car pricing while deleting options like lumbar for the Model Y…”

Tesla raised the costs of its Model 3 and Model Y in May, marking the automaker’s seventh incremental price rise in as many months, according to the Electrek website.

Musk stated during an earnings conference call in April that Tesla has had “some of the most challenging supply chain difficulties,” citing a semiconductor shortage. “We’re largely out of that problem,” he stated at the time.

Musk stated in reaction to the removal of lumbar support on the passenger side of Tesla’s Model Y, “Moving lumbar was removed exclusively in the front passenger seat of 3/Y.” (obv not there in rear seats). The logs revealed hardly minimal usage. When it is nearly seldom utilised, it is not worth the cost/mass for everyone.”

Earlier on Monday, Electrek reported that new Tesla Model Y customers are alleging that their electric SUVs are being delivered without passenger-side lumbar support.

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