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: Tesla hikes U.S. prices

Tesla is hiking its U.S. prices, as the electric vehicle maker battles rising aluminum costs and the global supply chain crisis.

According to its website, the Model S list price has gone up to $109,490, from $104,490 earlier in the month.

The Model Y has climbed to $67,990, from $64,990.

Tesla CEO Elon Musk earlier this month was reported to have said he has a “super bad feeling” about the global economy as he announced a plan to cut 10% of salary jobs.

Tesla
TSLA,
+5.48%

shares have dropped 34% this year, compared to the 20% drop for the S&P 500
SPX,
+1.46%
.
In addition to concerns about rising interest rates, Tesla has been hit by Musk’s takeover bid for Twitter
TWTR,
+2.07%

using pledged Tesla shares as collateral.

Musk on Thursday is meeting Twitter’s staff to discuss his takeover proposal.

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