Electric vehicle enthusiasts in the US are bracing for a shock as Tesla has announced a significant price hike for its popular Model Y crossover. The move comes as the global demand for electric vehicles continues to surge, with many manufacturers struggling to keep up with production. As one of the pioneers in the EV space, Tesla's decision to increase prices may be seen as a necessary step to manage supply and demand, but it's likely to have a ripple effect on the market. With the Model Y being one of the brand's best-selling models, the price hike may also raise concerns among potential buyers considering a purchase in the near future.
Tesla hikes Model Y prices in U.S. market CBT News
