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Tesla raises the prices of vans by about 3%, says Elon Musk



The prices of all Tesla Inc. vans will increase by approx. 3% on April 1, CEO Elon Musk said Sunday.

In a number of tweets, Musk said that price increases will come into force at midnight on April 1 – "so effective on April 2." First quarter ends March 31.

"To be clear, this does not affect Tesla's website order prices," Musk added. "Existing inventory prices are currently slightly lower than on the website. This will queue them."

Warehouses are those that have already been produced – with both new and used vehicles for sale – so they are not customizable as Tesla's online orders.

Prices of Tesla vehicles have risen up and down in recent months, irritating some owners and potential customers. By announcing 3% price increases on most of its vehicles earlier in the month, following price cuts just weeks before, Musk said prices would "return to normal" and said "In the course of time, lower prices should not have been offered" in the first place.

Last week, Musk promptly asked all Tesla employees to help deliver new cars to customers at the end of the quarter. 19659002] Tesla shares

TSLA, -3.46%

is down more than 20% year to date compared to S & P 500 s

SPX, -1.90%

12% gain.


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