Ford Raises the Prices of the F-150 Lightning Electric Pickup Due to Rising Raw Material Costs

Ford Motor Co is raising prices of the F-150 Lightning electric pickup for the first time since its launch in May 2021. The automaker cited significant material cost increases and other factors for the price hikes of nearly 20% on Lightning models. The automaker said prices for the 2023 F-150 Lightning will jump between $6,000 and $8,500 depending on the model.

Eric Walz2023-01-05 11:15 PT

Tesla Raises Prices in the U.S. as Inflation Chips Away at its Profit Margins

Faced with rising inflation that’s driving up the cost of raw materials, electric automaker Tesla has raised prices of all its models in the U.S. by roughly 5%. The price of the Tesla Model Y SUV increased by $3,000 from $62,990 to $65,990. The Model Y now costs 25% more than it did in Jan 2021.

Eric Walz2022-07-23 08:30 PT

Elon Musk Wants to Cut Around 10% of Tesla’s Global Workforce, Blames Economic Uncertainty

Tesla Chief Executive Elon Musk announced that he wants to reduce Tesla’s workforce by 10%, equal to roughly 10,000 jobs. Musk cites economic uncertainty for the plans to reduce Tesla’s workforce and wrote that he has a "super bad feeling" about the economy in the email to executives.

Eric Walz2022-07-10 09:30 PT

Tesla Hikes Prices for the Second Time in Less Than a Week Due to Inflation and the Rising Costs of Raw Materials

Electric automaker Tesla announced a second price hike in less than a week for all of its electric models on sale in the United States and China. The company says it is due to the rising costs of raw materials and logistics, which are being made worse by Russia’s invasion of Ukraine. Chief Executive Elon Musk said the company is facing significant inflationary pressure.

FutureCar Staff 2022-04-21 12:45 PT

After Hiking Prices By Up to 20% This Week, Rivian CEO Reverses Course, Will Honor the Original Prices Quoted to Reservation Holders

After public outcry over electric truck maker Rivian unexpectedly raising prices on March 1, CEO R.J. Scaringe has reversed course. He sent an email to reservation holders saying the company will honor the original prices quoted to customers that put down deposits before March 2 for a Rivian vehicle. He also explained what led to the price hikes in the first place, which was not communicated to customers.

Eric Walz2022-04-09 11:30 PT