Electrek reports that Tesla has increased the price of selected Model 3 and Model Y vehicles. The Model X Dual Motor All-Wheel Drive version saw a $6,000 price hike from $114990 to $120990.

Meanwhile, the Model S Dual Motor All-Wheel Drive configuration saw a $5,000 increase from $99990 to $104,990. The Model 3, Tesla's most affordable vehicle, was spared the worst price increases.

However, one Model 3 version is experiencing an increase in price. The Long Range model of the Model 3 has seen its price increase by $2,500, from $54,490 up to $57,000.

The price of the Rear-Wheel Drive Model 3, the most affordable version of the Model 3, is still $46,990. This was the price it reached during Tesla's March price hikes.

Long Range Model Y's price is increasing to $62,990 from $65,990 (a $3,000 increase) while Performance model prices are up $2,000 from $67990 to $69990.

In recent years, Tesla's price increases have been quite common in its lineup. Elon Musk, the CEO of Tesla, blamed the price increases on supply chain pressures.

The cost of raw materials and global shortages of chips were particularly troubling. 

#GiveAway BY Insane

Do you know that we give away around $500 USD in cash prizes every week? 

The manufacturer is facing rising inflation and increased transportation costs around the globe, which are putting downward pressure on its bottom line. Elon Musk has not yet commented (read: tweeted) publicly on the latest price hikes.

Just a few years ago, Tesla had lowered the price of its most affordable Model 3 to make it more affordable for mass-market customers.

The company's prices now are far from the $35,000 price that it had been aiming for for many years.