News Snapshot:
The increases come as costs of raw materials surge, worsened by a crisis over Russia’s invasion of Ukraine, with Musk saying on Sunday that the carmaker and rocket company Space X faced the pressure in areas such as raw materials and logistics. The company raised prices for all its models in the United States, its website showed. In China, it raised prices of some China-made Model 3 and Model Y products by about 5%, soon after a hike on March 10. Tesla declined to comment. After the increases in China, the Model Y Long Range vehicle costs 375,900 yuan ($58,952.68),...
