Tesla&nbsp;Inc hiked&nbsp;prices&nbsp;in&nbsp;China&nbsp;and the United States on Tuesday for its second increase in less than a week, after founder Elon Musk said the US&nbsp;maker of electric cars faced significant inflation pressure.

The increases come as costs of raw materials surge, worsened by a crisis over Russia's invasion of Ukraine, with Musk saying on Sunday that the carmaker and rocket company Space X faced pressure in areas such as raw materials and logistics.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-says-tesla-and-spacex-are-facing-inflation-pressure-in-raw-materials-and-logistics-462160">Elon Musk says Tesla and SpaceX are facing inflation pressure in raw materials and logistics</a>

The company raised&nbsp;prices&nbsp;for all its models in the United States, its website showed. In&nbsp;China, it raised&nbsp;prices&nbsp;of&nbsp;some&nbsp;China-made&nbsp;Model 3 and Model Y products by about 5 per cent, soon after a hike on March 10.

Tesla&nbsp;declined to comment.

After the increases in&nbsp;China, the Model Y Long-Range vehicle costs 375,900 yuan ($58,952.68), up 18,000 yuan from March 10, when its price went up by 10,000 yuan.

Also read |&nbsp;<a href="https://www.wionews.com/world/amid-environmental-concerns-tesla-awaits-green-light-to-start-production-at-german-plant-458856">Amid environmental concerns, Tesla awaits green light to start production at German plant</a>

The price tag of the Model 3 Performance unit was 367,900 yuan after Tuesday's increase of 18,000 yuan, which followed an increase of 10,000 yuan five days ago.

A day earlier,&nbsp;Elon Musk has said that Tesla and SpaceX are facing inflation pressure in raw materials and logistics.

The South Africa-born mogul asked about his followers' thoughts on inflation in a tweet, saying ''we are not alone.''

Watch |&nbsp;Russian economy to pay the price of Ukraine invasion

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/russian-economy-to-pay-the-price-of-ukraine-invasion-462298/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Musk, the head of Tesla and SpaceX, also retweeted an article saying the Ukraine-Russia conflict sent commodity prices to their highest levels since 2008.

The Russian invasion of Ukraine and Western sanctions, which include a US ban on Russian oil imports, are raising prices of energy and other key commodities like wheat, fertilisers, and metals to surge.

(With inputs from agencies)

Tesla Inc hiked prices in China and the United States on Tuesday for its second increase in less than a week, after founder Elon Musk said the US maker of electric cars faced significant inflation pressure.

Tesla Inc hiked prices in China and the United States on Tuesday for its second increase in less than a week, after founder Elon Musk said the US maker of electric cars faced significant inflation pressure. The increases come as costs of raw materials surge, worsened by a crisis over Russia's invasion of Ukraine, with Musk saying on Sunday that the carmaker and rocket company Space X faced pressure in areas such as raw materials and logistics. Also read | Elon Musk says Tesla and SpaceX are facing inflation pressure in raw materials and logistics The company raised prices for all its models in the United States, its website showed. In China, it raised prices of some China-made Model 3 and Model Y products by about 5 per cent, soon after a hike on March 10. Tesla declined to comment. After the increases in China, the Model Y Long-Range vehicle costs 375,900 yuan ($58,952.68), up 18,000 yuan from March 10, when its price went up by 10,000 yuan. Also read | Amid environmental concerns, Tesla awaits green light to start production at German plant The price tag of the Model 3 Performance unit was 367,900 yuan after Tuesday's increase of 18,000 yuan, which followed an increase of 10,000 yuan five days ago. A day earlier, Elon Musk has said that Tesla and SpaceX are facing inflation pressure in raw materials and logistics. The South Africa-born mogul asked about his followers' thoughts on inflation in a tweet, saying ''we are not alone.'' Watch | Russian economy to pay the price of Ukraine invasion Musk, the head of Tesla and SpaceX, also retweeted an article saying the Ukraine-Russia conflict sent commodity prices to their highest levels since 2008. The Russian invasion of Ukraine and Western sanctions, which include a US ban on Russian oil imports, are raising prices of energy and other key commodities like wheat, fertilisers, and metals to surge. (With inputs from agencies)

Tesla hikes China, US prices for second time within a week

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Tesla hikes China, US prices for second time within a week