Wednesday, December 1, 2021
News

Tesla hikes prices across its popular EV lineup

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

San Francisco | Monday, 2021 4:15:06 PM IST
Electric Vehicle (EV) maker Tesla has hiked prices for all four of its in-production vehicles in the past few days.

The base Model 3 and Model Y electric vehicles are each priced $2,000 higher, at $43,990 and $56,990 respectively.

In addition, the base Model S and Model X vehicles will each cost $5,000 more, at $94,990 and $104,990, reports electrek.co.

As per report, Tesla is back to delivering its full line-up of vehicles after finally starting back production of the Model X after the refresh. Currently, the EV maker is producing more vehicles than ever, but demand is higher than ever too.

Despite the ongoing chip shortage, electric vehicle company Tesla reported a net income of $1.62 billion in the third quarter of 2021, which is five times more than it did this time last year.

The company's operating income grew some 54 per cent over the past quarter to $2 billion.

In the third quarter, the company said it produced approximately 238,000 vehicles and delivered over 240,000 vehicles.

Overall, deliveries increased in the third quarter by 20 per cent compared to the previous quarter and increased by roughly 70 per cent over the third quarter in 2020.

On the technology front, Tesla continues its FSD City Streets beta rollout and plans to "continue to monitor fleet data closely to help facilitate a smooth rollout".

--IANS wh/ksk/

( 239 Words)

2021-10-25-10:26:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Mystery of J.C. Bose's vault remains uns...
Twitter suffers outage for web users in ...
'@Amchi Mumbaikar' trends: IIT-B celebra...
Mystery behind high abundance of Lithium...
La Nina impacts temperature, precipitati...
5 in 10 Indian workers say they're more ...
More...
 
INDIA WORLD ASIA
Maharashtra: Quarantine mandatory for pa...
Odisha CM lays foundation for 504 govt r...
Suspended Rajya Sabha MPs to stage prote...
Stalemate likely to end in Rajya Sabha t...
Param Bir Singh, Sachin Waze planned Ant...
Vice Admiral MA Hampiholi assumes comman...
More...    
 
 Top Stories
BWF World Tour Finals: Kidambi Srik... 
Union Cabinet meeting to be held in... 
Shehnaaz Gill's visit to orphanage ... 
Wanted to retain KL Rahul, but he w... 
With high profile meetings with top... 
Winter Session: Congress MP Manish ... 
Winter session: Opposition leaders ... 
Pakistan revisits ties with Saudi A...