Some models of the company have increased in price by up to $6,000. The prices of its luxury electric vehicles have gone up multiple times this year, including a big price hike in March and a small increase in April.
The online configurator was updated on Wednesday to show the increase in prices across the entire lineup. The difference in price can be seen in the archives of the website.
It's probably safe to assume a combination of inflation, supply chain issues and slowed production in China are all contributing factors to the increase in the price of the Model 3.
During the company's first quarter earnings call in April, CEO Musk said he thought inflation was worse than reported and that it would last all of the year. Future production could be hampered by global supply constraints.
This time around, there has been an increase in the number of cars from the company.
In after hours trading, the stock of the company is up.
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