Your Tesla Just Got More Expensive, Again - See the Price Hike Following 10% Staff CutPrices have surged across all Tesla models for the second time this year.

ByMadeline Garfinkle

Teslais raising the prices of all its U.S. models — again.

This is Tesla's second price hike of the year. Last March, the company raised its prices on all models by as much as 10%. On Twitter, Tesla CEO Elon Musk addressed the March price hike, blaming supply chain issues and the price of materials.

"Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics,"he wrote.

The new hikes are not as large as the first time around — the biggest increase in March was a jump of $12,500 — but they are still significant. Theprice increasesrange from $2,000 for the Long RangeModel Yup to $6,000 for the Model X Dual Motor All-Wheel Drive.

Related:Tesla Is Cutting 10% of Workforce, Elon Musk Says He Has a 'Super Bad Feeling' About the Economy

Musk has yet to address the recent spike.

In early June,Tesla announcedit was cutting 10% of its salaried staff, starting with ano-tolerance policythat demands Tesla workers return to the office. "If you don't show up, we will assume you have resigned,"Musk said.

Tesla's most affordable car is currently theModel 3Rear-Wheel Drive, clocking in at $46,990 — marking a more than $10,000 increase since its $35,000 starting price back in2016.

Related:Elon Musk's Illusion of Control Undermines Tesla's Future

Wavy Line
Madeline Garfinkle

Entrepreneur Staff

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University.

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