© Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo
(Reuters) – Tesla (NASDAQ:) Inc raised the prices of all of its car models in the United States, its latest price hike amid ongoing global supply chain issues.
The electric carmaker raised the price of the Model Y from $62,990 to $65,990 from $62,990, its website said on Thursday, after delaying deliveries of some long-range models in the United States by up to a month.
The price increase comes as a result of rising costs of raw materials, including aluminum used in cars.
Tesla CEO Elon Musk has warned of the risk of a recession in recent weeks. Earlier this month, Musk said he had “extremely bad feelings” about the economy after cutting about 10% of jobs at Tesla.