JeffKeryk

Tesla's lofty margins are in Porsche territory; they can afford to absorb some of the paterial cost increases.
That said, material costs continue to go up, some substantially.

The answer probably lies somewhere in the middle.

Don't get me wrong; a for-profit company's responsibilities are to the shareholders, not you or me as consumers. Prices will rise as long as demand holds; that's business.
My plans to buy another Tesla are off the table for the forseeable future.

AMIRZA786

Exactly. If buyers perceive Tesla as getting too greedy, the market will react accordingly. They will either be rewarded or punished

Striker223

I had to buy TPO roofing sheets for my parents place. I about flipped the table.......like why? It should be $150 for the 12 inch sealing tape not $490

Fizzboy7

Those are huge increases. Other manufacturers have only bumped things up a few hundred to a thousand. So if it's truly a materials thing, everyone else should be raising prices thousands of dollars. I think Musk is taking advantage of a situation.

703

Maybe Musk is hurting with all his crypto investments. Consumer pays.

Hoovey689

iTrader: (16)

Maybe Musk wants people to stop calling his cars 'Premium' so he's giving them luxury car prices

FastTurtle

Elon won’t allow Rawlinson’s Lucid be on higher tier than Tesla.

LeX2K

AMIRZA786

Are you trying to say his pot smoking is leading to the creation of a new universe, or he's getting the universe high? Or he doesn't know how to smoke pot correctly?

EZZ

All of the above...

703

Tesla following the Apple pricing model. Needs to be more expensive every year to elevate the brand.

swajames

Tesla has been making frequent "just because" price adjustments for years, so that in itself is nothing new. You can bet that the rest of the industry, who generally adjust pricing just once a year upon a model year transition, will be doing just that and increasing MSRP as their model years change over.

ST430

Interesting to see price increases just as he has a bad feeling about the economy, lol.....

But hey, I guess the Plaids are immune to material increases and inflation, right?!

EZZ

Of course. It outruns everything.

bitkahuna

iTrader: (20)

didn't tesla invest something over a billion in bitcoin around the start of the year? if so, that's gotta bit losing more than half of it!!!