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

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.

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

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

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

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

Ultimately, higher pricing result in larger profitability for Tesla.

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