{"id":568456,"date":"2022-03-15T16:34:52","date_gmt":"2022-03-15T14:34:52","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=568456"},"modified":"2022-03-15T16:35:04","modified_gmt":"2022-03-15T14:35:04","slug":"tesla-hikes-prices-across-its-lineup","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/568456\/tesla-hikes-prices-across-its-lineup\/","title":{"rendered":"Tesla hikes prices across its lineup"},"content":{"rendered":"<p>Tesla Inc raised prices on all its vehicles after chief executive officer Elon Musk said costs were increasing at the companies he runs.<\/p>\n<p>The cheapest Model 3 in the US is now $46,990, according to Tesla\u2019s website. The company raised prices by 3% to 5% in both the US and China, Dan Levy, a Credit Suisse analyst, said in a note to clients.<\/p>\n<p>Musk tweeted earlier this week that both Tesla and Space Exploration Technologies Corp were seeing \u201csignificant\u201d inflation in raw materials and logistics. The electric car and rocket-making companies aren\u2019t alone.<\/p>\n<p>The S&amp;P GSCI Index &#8211; a commodity market benchmark &#8211; surged 20% the first five days of the month, the biggest weekly gain going back to 1970.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Tesla &amp; SpaceX are seeing significant recent inflation pressure in raw materials &amp; logistics<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1503184467397128194?ref_src=twsrc%5Etfw\">March 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is Tesla\u2019s second round of price increases in the last week. The company raised the price of certain versions of the Model 3 and Y on March 9 in the US, followed by an increase for China-built vehicles in that market on March 10.<\/p>\n<p>Tesla shares fell as much as 1.3% to $756.57 as of 9:50 a.m. Tuesday in New York. The stock has dropped 28% this year.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/motoring\/566318\/11-cars-you-can-buy-for-under-r200000-in-south-africa-right-now\/\" target=\"_blank\" rel=\"noopener\">11 cars you can buy for under R200,000 in South Africa right now<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc raised prices on all its vehicles after chief executive officer Elon Musk said costs were increasing at the companies he runs.<\/p>\n","protected":false},"author":59,"featured_media":568464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[223,26,6118],"class_list":["post-568456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-credit-suisse","tag-headline","tag-tesla"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/568456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=568456"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/568456\/revisions"}],"predecessor-version":[{"id":568470,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/568456\/revisions\/568470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/568464"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=568456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=568456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=568456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}