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Elon Musk explained the rise in prices for Tesla by the increase in costs for rolled metal and other raw materials

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Record steel price increases have hit the supply chains of American automaker Tesla.

Elon Musk explained the rise in prices for Tesla by the increase in costs for rolled metal and other raw materials

The price of Tesla cars is rising due to pressure in the auto supply chain, especially with regard to raw materials, the automaker CEO Elon Musk said on Monday.

“Prices are rising due to price pressures in major supply chains across the industry. Especially for raw materials, ”Musk wrote in his tweet, answering the question of a possible increase in prices for Tesla Model Y by another $ 14,000.

In May, the company increased prices for various Tesla models for the fifth time since the beginning of this year and announced its intention to increase them again.

During a financial conference call in April, Musk said Tesla faced "some of the toughest supply chain challenges," citing chip shortages. “We are practically not solving this particular problem,” he added at the time.

Recall that Tesla started Negotiating with industry operators in South Korea, the United States and Taiwan to purchase chips on a prepaid basis to secure future component shipments. In addition, the company is considering launching its own chip production due to global supply shortages.

Steel prices in the US have tripled since the peak of the pandemic, topping $ 1,500 per tonne of hot rolled coil at the end of April.

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