Tesla hikes US prices across car models

TESLA raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.

The electric carmaker increased its Model Y long-range price to US$65,990 from US$62,990, its website showed on Thursday (Jun 16), after delaying the deliveries of some long-range models in the United States by up to a month.

The price hike comes as costs of raw materials have surged, including aluminium that is used in cars.

Tesla chief executive officer Elon Musk has warned about the risk of a recession in recent weeks. Earlier this month, Musk said he had a "super bad feeling" about the economy after cutting about 10 per cent of jobs at Tesla. REUTERS

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