Why Tesla Stock Sold Off 7% Today
In the midst of a down market, shares of EV leader Tesla (NASDAQ: TSLA) tumbled more than most, falling 7.2% through noon ET on Thursday after Reuters reported that Tesla is once again raising prices on its electric cars.
Citing the rising cost of raw materials and continuing problems getting auto parts with which to build its cars efficiently, Reuters noted that Tesla has raised the price on its popular Model Y crossover by about 4.8%, to $65,990 for the "long-range" version.
Tesla isn't stopping there, though. Digging into the details on Tesla's website, Electrek reported last night that the prices are as follows:
Source Fool.com
