Elon Musk says Tesla prices are increasing because of supply chain disruptions across the auto industry

The prices of some Tesla models are going up because of the supply chain issues, CEO Elon Musk said.The global auto industry has been hit hard by supply chain issues, notably a shortage of computer chips.Prices on some Tesla models are increasing due to global supply chain disruptions in the auto industry, particularly with raw materials, Elon Musk said on Twitter Monday.

Musk's explanation came in response to a Twitter user who said he didn't like the"direction" the company was going in by"raising prices of vehicles but removing features like lumbar for the Model Y." The Tesla and SpaceX CEO responded:"Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially."

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