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Tesla hikes car prices in the U.S., China after Musk inflation warning

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Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.

Ding Ting | Xinhua News Agency | Getty Images

Tesla has hiked the prices of its electric vehicles in the U.S. and China after CEO Elon Musk warned of inflation pressure on the business.

The company raised the prices of all its models in the U.S. In China, a version of the Model 3 and the Model Y saw price hikes. It is the second increase within the last week.

Tesla did not give a reason for the increases. The company was not immediately available for comment when contacted by CNBC.

But Musk said in a tweet earlier this week that Tesla and his space exploration company SpaceX…



Source cnbc.com

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