Tesla is hiking its U.S. prices, as the electric vehicle maker battles rising aluminum costs and the global supply chain crisis.
According to its website, the Model S list price has gone up to $109,490, from $104,490 earlier in the month.
The Model Y has climbed to $67,990, from $64,990.
Tesla CEO Elon Musk earlier this month was reported to have said he has a “super bad feeling” about the global economy and announced a plan to cut 10% of salary jobs.
Tesla TSLA, +5.48% shares have dropped 34% this year, compared to the 20% drop for the S&P 500 SPX, +1.46%. In addition to concerns about rising interest rates that have hit tech stocks particularly hard, the vehicle maker’s stock has been pressured by Musk’s takeover bid for Twitter TWTR, +2.07% using pledged Tesla shares as collateral.
Musk on Thursday is meeting Twitter’s staff to discuss his takeover proposal.