Tesla Raises Prices for Second Time in Days on Rising Costs

Tesla Raises Prices for Second Time in Days on Rising Costs
Tesla's China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, on Jan. 7, 2020. Aly Song/Reuters
Reuters
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BEIJING—Tesla Inc. raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics.

The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following Russia’s invasion of Ukraine.