Elon Musk reveals the reason for the high prices of Tesla cars

The prices of Tesla’s Model 3 and Model Y cars have recently risen, as the company last May raised the prices of electric cars for the fifth time in several months, but the company remained silent about what was behind the increases, until Tesla CEO Elon Musk announced, In a tweet, the increases were due to significant industry-wide supply chain pressures adding raw materials in particular, according to Digitartlends.

In a call with investors in April, Musk said the chip shortage had caused problems for the company as had happened to automakers globally though he claimed at the time that Tesla was mostly out of this particular problem.

Recent price increases, for example, have seen the Tesla Model 3 Standard Range Plus increase from $ 39,490 to $ 39,990 and the Model 3 Long Range AWD increase from $ 48,490 to $ 48,990.

But keep in mind that these hikes show only the most recent rise which means, for example, that the recent surge has seen the Model 3 Standard Range Plus, Tesla's best-priced car, rise by $3,000 in just three months, the Model Y Long Range Tesla's AWD also increased $500 recently, bringing it to $51,990.

Musk's tweet came in response to a post from an apparently disaffected observer who said, I really don't like the direction Tesla is heading in raising car prices but removing features like the lower back for the Model Y.

The adjustable lumbar support in the seats can help increase comfort, especially on long-haul flights, but in recent days it has appeared that Tesla has removed the feature from the passenger seat on the Model 3 and Model Y.

When discussing the issue, Musk confirmed in the same tweet that the feature, which gently inflates or deflates the seat, has been removed from the front passenger seat on Model 3 and Model Y because it is rarely used, “Records show almost no use.

And price rises will of course be a nuisance to those looking to get a new Tesla, especially for anyone budgeting for an expensive purchase, and who will say there won't be more in the coming months? It remains to be seen if the company plans to cut prices once the supply chain issues are fully settled.

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