Tesla (TSLA) has increased the prices of its Model Y vehicles in the United States and China. Despite the domestic electric vehicle market facing demand challenges, the company has raised the price of its Model Y lineup by $1,000 in the US.
Yahoo Finance’s Senior Autos Reporter Pras Subramanian breaks down the details, discussing the price hikes timed for after Tesla’s first quarter this year and how CEO Elon Musk’s behavior may be pushing potential customers away.
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