Tesla raises prices in the United States – Roadshow

Tesla is raising prices in the United States as the electric vehicle maker battles rising aluminum costs and a global supply chain crisis.

According to its website, the Model S list price has risen to $109,490 from $104,490 earlier in the month.

The Model Y climbed to $67,990 from $64,990.

Earlier this month, Tesla CEO Elon Musk reportedly said he had a “super bad feeling” about the global economy as he announced a plan to cut 10% of salaried jobs.

TeslaTSLA,
+5.48%
stocks have fallen 34% this year, compared to 20% for the S&P 500 SPX,
+1.46%.
In addition to concerns over rising interest rates, Tesla was hit by Musk’s takeover bid on Twitter TWTR,
+2.07%
using pledged Tesla shares as collateral.

Musk is meeting with Twitter staff on Thursday to discuss his proposed takeover.

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