Tesla has raised prices on its vehicles as it anticipates cost pressures from suppliers and logistics over the next six to 12 months, the automaker said on Wednesday during its first-quarter 2022 earnings call.
“We absolutely want to make EVs as affordable as possible. It’s been very difficult with inflation at a 40 or 50-year high, and I think the official numbers actually understate the true magnitude of inflation,” said Tesla CEO Elon Musk. “In some cases we’re seeing suppliers request 20-30% cost increases for parts from last year to the end of this year. So there’s a lot of cost pressure there.”
The news comes as Tesla has also said it expects a prolonged supply chain crisis to limit production capacities at i …
