The Actual Cause of the Tesla Model 3's Current Price Increase

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The price of the Tesla Model 3, one of the most expensive electric cars on the market, has been rising steadily over the past 12 months.

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Rising demand and limited supply for the vehicle are the main contributors to this.

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Tesla needs to increase prices to keep up with consumer demand because they are now unable to meet all of it.

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Additionally, as Tesla only produces a small number of hundred thousand vehicles per year,

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Because there aren't enough of them to meet demand, prices increase.

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Ultimately, higher pricing result in larger profitability for Tesla.

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regrettably also resulting in fewer possibilities for potential purchasers wishing to acquire a cheap electric vehicle.

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