Elon Musk concerned about interest rates: Tesla announces price hike
Stating that he is concerned about interest rates, Elon Musk has increased the price of the Tesla Model X Plaid sold in the US by 5 thousand dollars.
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Tesla has increased the price of the Model X Plaid all-wheel-drive model it offers for sale in the US by 5 thousand dollars.
Tesla has made a decision to raise prices following its price cuts. The price of the Model X Plaid all-wheel-drive has risen from 89 thousand 990 dollars to 94 thousand 990 dollars in the US.
The price increases were implemented after businessman Elon Musk stated that while he had managed to maintain demand through price cuts, he was concerned that interest rates were making cars unaffordable.
Musk said that despite high interest rates and price cuts, the price of the Model Y SUV has remained almost unchanged.