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Tesla Model 3, Model Y Prices Hiked in US, China Amid Surging Cost of Raw Materials

News Snapshot:

Electric-car maker Tesla on Wednesday raised prices of its US Model Y SUVs and Model 3 Long Range sedans by $1,000 (roughly Rs. 76,000) each and some China-made Model 3 and Model Y vehicles by CNY 10,000 (roughly Rs. 1,20,300), according to its website. The company increased prices for the most affordable versions of Model 3 and Model Y about a dozen times last year in the US, according to data tracked by Reuters. The US price of the EV maker’s Model Y Long Range car has jumped 20 percent from January 2021, along with a 10.6 percent hike for…

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