The Real Reason The Tesla Model 3 Costs More Than Ever Today

One of the priciest electric automobiles on the market, the Tesla Model 3 has seen a steady increase in price over the past year.

The primary cause of this is the vehicle's rising demand and constrained supply.

Tesla must raise prices in order to stay up with consumer demand because they are currently unable to satisfy all of the demand for their automobiles.

Additionally, because Tesla only makes a few hundred thousand cars annually,

there aren't enough of them to meet demand, which drives up pricing.

In the end, increased prices translate into better profits for Tesla,

but regrettably also into less options for prospective buyers looking to purchase an affordable electric vehicle.