Tesla raises the prices of its Model 3 cars.. Find out why

A recent report revealed that Tesla decided to raise the prices of the Model 3 car again, which is the third time that Tesla has raised the level of car pricing; To maintain a profit margin.

The increase is targeted at the Model 3 Long Range and Model 3 Performance, the versions that rely on nickel batteries as an alternative to the low-cost LFP battery that supports the Model 3.

The Model 3 LR started this year at $50,990, a significant increase from the March 2021 price, during which time the car was available for $48,000.

And Tesla returned to raise the price again to $ 51,990 at the beginning of March 2022, to be followed by a new increase in the price recently to $ 54,490.

Analysts confirm that the electric car maker plans to maintain the profit margin in the company’s releases in the coming years as the demand for electric cars rises.

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