On 9 February 2021, Tesla, a famous electric carmaker, raised the prices of its cars hours after the prices were posted on its local sales portal.
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The Model 3 range of cars has increased by $4,000 each. The Model 3 standard range now costs $117,000 per car before COE and Model 3 Performance costs $159,000 before COE.
It was likely to be increased when there are huge numbers of buyers intending to buy the car.
It was said that having a low price it is not surprising that the company has more than enough orders in the first hours going live.