Tesla raises prices  of Model 3 again

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Tesla is known to update the prices of its models frequesntly

In 2021, the company has increased the prices multiple times and this trend continues

Elon Musk has blamed supply chain pressure to be reason for 2021 price hikes

After couple of new price updates in 2022, this time this price hike is only for Model 3

Earlier in 2022, Elon Musk said Tesla and SpaceX were seeing significant inflation

This time company has decided to increase the price of Model 3 long-range battery packs by $1000

Model 3 uses nickel-based battery packs and price of nickel increased considerably

Electric cars are six times cheaper to drive than gas cars