Tesla raises prices of Model 3 again

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Tesla is known to update the prices of its models frequesntly

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

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

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

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

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

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

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Electric cars are six times cheaper to drive than gas cars

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