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Elon Musk has today explained Tesla's recent price hikes, with global price increases seeing the cost of the Tesla Model 3 soar in Australia and around the world.
In Australia, the Model 3 has been on a bad run in pricing terms, with price increases coming almost weekly to the country's most popular electric vehicle.
This week, the base price was boosted again, this time by $3000, with the entry-level Model 3 now costing $63,900 before on-road costs.
It marked the second price increase in March, with the first taking the Model 3 from $59,900 to $60,900. It also means someone ordering a Model 3 on March 1 will have paid $4k less than someone ordering one today.
It's not just the entry-level car either: The Model 3 Long Range has also increased by $3000 to $76,200, and the Performance has climbed by $2271 to $88,900.
Today, Elon Musk took to Twitter to explain the price rises, blaming the soaring costs of raw materials for his brand's frequent price adjustments.
“Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics,” he said via Twitter.
The skyrocketing price of Nickel (up some 250 per cent in some markets) and the tightening supply of aluminium owing to Russia's invasion of Ukraine are thought to be at least partly responsible.
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