Tesla has raised the prices on some of its cars by as much as $6,000, as the electric-car maker grapples with surging costs along its supply chain.

The increase comes as the car industry faces rapidly rising costs on labor, transportation, raw materials and more. It also comes shortly after Tesla Chief Executive Elon Musk said he plans to cut 10% of its salaried workforce following a hiring spree that saw the company’s head count swell 45% in one year alone.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Wearing a face mask can reduce your risk of SEVERE Covid-19

Condensation inside a face mask may help limit the amount of damage…

BT brutally axes 55,000 jobs and replaces 10,000 staff with robots

BT has become the first big British business to replace thousands of…

‘You can’t give it away’ as all Google users urged to ditch their passwords for ‘unhackable’ alternative by experts

DON’T rely on passwords when there’s a better alternative. Security experts have…

NASA’s Curiosity rover may have figured out why methane is not being spotted in the atmosphere

NASA researchers may be getting closer to figuring out why methane, a…