So specifically, in this episode, we’ll look at the reasons behind this price hike, how it could affect Tesla sales, and more importantly, how people drive cars. So let’s get straight into it! Hey Tesla lovers, and once again welcome to Sarthak.
The car will no longer fit into your reasonably priced electric car concept. That means the standard-class, rear-wheel-drive Tesla Model 3 now starts at $60,900 plus an on-road fee, making the best-selling EV $60K after a series of price cuts in recent years. Brings you back beyond the level.
There are several reasons behind this increase. The first of these is the rise in nickel prices. Tesla raised its prices so many times in 2021 that we lost track. The manufacturer attributed the increase in supply chain limitations due to the outbreak of COVID-19. However, it is also worth noting.
That increased Tesla’s gross margin for the full year. Things have settled on that front in recent months, with Tesla’s recent price hike in November. However, Tesla is back with a new update for the Model 3 and Model Y variants, and this is yet another price hike.
These latest price hikes come as a result of the Ukraine issue increasing the price of nickel, resulting in sanctions and sanctions against Russia, the world’s third largest nickel supplier.
Which is an important substance for high energy-density battery cells. Found in some electric vehicles. Well, we can’t prove that the two are linked, but Tesla just raised the price of vehicles with nickel batteries. Standard Model 3, which is equipped with an iron-phosphate battery cell.
Which does not require nickel, the price has not been increased. Morgan Stanley has warned that a recent 100 percent increase in nickel prices would cost electric automobiles like Tesla $1,000. The price increase was so significant that both the London Metal Exchange and the Shanghai Exchange ceased trading specific nickel
If the answer to this question turns out to be bad, the company will get help. The Polestar 2, which is still eligible for a $7,500 federal tax credit, is the Model 3’s closest competitor. After that price reduction, the base models of these two luxury EVs are very comparable.
The dual-motor Polestar 2 Model 3 is less expensive than the Long Range, but has a significantly shorter range. The attractiveness of the Tesla Model 3 stems from the fact that it’s an all-electric little luxury car with a starting price lower than its gasoline-powered counterparts.
The starting price of Model 3 is at par with Audi A4, Lexus IS, BMW 3 Series and other traditional small luxury cars. In the meantime, we have many things to consider when asking ourselves this question.
Especially with the loss in acceleration of the new model. With an EPA-estimated range of 272 miles, the basic Model 3 already outperforms the standard range plus 10-miles on a single charge. However, the new Model 3 should have slower acceleration with a 0-60 mph time