Elon Musk blames ‘supply chain price pressure’ for Tesla’s increasing prices
Illustration by Alex Castro / The Verge Tesla CEO Elon Musk has blamed supply chain price pressure for incremental price increases the company has made to its Model 3 and Model Y vehicles over the past several months. Prices increasing due to major supply chain price pressure industry-wide," the CEO tweeted in response to a complaint about the changes. Raw materials especially."
Today, the CEO followed up to say that microcontroller chips" are a particular challenge right now. But although Musk said that he's never seen anything like it," he added that he doesn't expect this to be a long-term issue. Fear of running out is causing every company to overorder - like the toilet paper shortage, but at epic scale."
Musk had previously indicated in an April earnings call that...