As inflationary pressure has hit raw materials over the past few months, the auto industry has struggled to keep investors happy.
over the past few months, the auto industry has struggled to keep investors and consumers both happy. Electric vehicle maker Tesla hasn’t been immune to the effects of inflation either, and how it’s faring against other automakers is still yet to be determined.
To put it into perspective, the average brand new car that’s $40,000 right now would have cost just $32,000 a year ago. Tesla’s Model 3 has risen in price from about $37,000 to $47,000 since the beginning of 2021, marking a 27 percent increase. The Model Y has increased around 32 percent to $66,000, while Model S and X prices are up by around 30 percent with price increases of about $25,000 and $31,000, respectively.
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