Tesla vehicles are getting more expensive. And while investors don’t like rising product prices, $TSLA stock wasn’t taking a hit on Tuesday.
According to the company’s website, the price of a rear-wheel drive Tesla Model 3 is now about $47,000, up from about $45,000. Dual-motor long-range and performance versions are now about $54,500 and $62,000, respectively. Those prices moved up by about $3,500 and $3,000, respectively. Still, investors are shrugging off the increase. In fact, they are bidding shares higher after a recent sell off that looks way overdone.
One thing is for sure- don’t bet against Elon Musk.