Tesla to raise prices on all its models by 10%

The inflation of raw materials for the production of electric vehicles and the recent war between Russia and Ukraine have forced electric vehicle manufacturers to take measures affecting consumers. Tesla, for example, raised the price of its cars for the second time in less than a week.

Tesla has raised prices across its entire line of electric vehicles. Prices have risen 5-10%, with the cheapest rear-wheel drive car the company sells now starting at $46,990-12,500 and its top-of-the-line Model X Tri up $126,490-138,990. dollars to dollars.

Second promotion in less than a week

This is the second price increase that Tesla has implemented in less than a week, after raising the cost of some long-range models last Wednesday. However, today's price hike is not only bigger than last week's, but it's spreading to every car the company sells.

Here's how this increase happens (with old prices sourced from archived copies of the Tesla website via the Wayback Machine dated March 10 or later):

• Model 3 rear-wheel drive: $44,990 to $46,990.
• Model 3 Long Range: $51,990 to $54,490.
• Model 3 Performance: $58,990 to $61,990.
• Model Y Long Range: $59,990 to $62,990.
• Model Y performance: $64,990 to $67,990.
• Model S Dual Motor: $94,990 to $99,990.
• Model S Tri Motor: $129,990 to $135,990.
• Twin-Motor Model X: $104,990 to $114,990.
• Model X Tri Motor: $126,490 to $138,990.

Inflation and war in Russia and Ukraine are influential factors

Tesla and its CEO Elon Musk have not yet commented on the new price increase, but several factors likely played a role. 

On Monday, Musk tweeted that "Tesla and SpaceX have been experiencing significant inflationary pressures in raw materials and logistics lately" with U.S. inflation up 7.9% this year due to rising costs of energy, food and services, while while prices are due to the Russian invasion of Ukraine.

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