Tesla Raises Prices Amid Surging Costs

Tesla has raised the prices on some of its cars by as much as $6,000, as the electric-car maker grapples with surging costs along its supply chain.

The increase comes as the car industry faces rapidly rising costs on labor, transportation, raw materials and more. It also comes shortly after Tesla Chief Executive Elon Musk said he plans to cut 10% of its salaried workforce following a hiring spree that saw the company’s head count swell 45% in one year alone.