Technology: Elon Musk blames ‘supply chain price pressure’ for Tesla’s increasing prices

Imperator Meaning As Elon Musk Changes Twitter Bio to 'Imperator of Mars'

  Imperator Meaning As Elon Musk Changes Twitter Bio to 'Imperator of Mars' The billionaire Tesla and SpaceX boss has once again updated his profile on the social media platform.It is unclear what sparked the update to his social media account, which has more than 50 million followers. The term imperator is defined as "a commander in chief or emperor of the ancient Romans," according to the Merriam-Webster dictionary.

Tesla CEO Elon Musk has blamed supply chain price pressure for incremental price increases the company has made to its Model 3 and Model Y vehicles over the past several months. “Prices increasing due to major supply chain price pressure industry-wide,” the CEO tweeted in response to a complaint about the changes. “Raw materials especially.”

  Elon Musk blames ‘supply chain price pressure’ for Tesla’s increasing prices © Illustration by Alex Castro / The Verge

Today, the CEO followed up to say that “microcontroller chips” are a particular challenge right now. But although Musk said that he’s “never seen anything like it,” he added that he doesn’t expect this to be a long-term issue. “Fear of running out is causing every company to overorder – like the toilet paper shortage, but at epic scale.”

Elon Musk said he was a Secret Service 'special agent' when he donated to the Republican party, an FEC filing shows

  Elon Musk said he was a Secret Service 'special agent' when he donated to the Republican party, an FEC filing shows Elon Musk listed his occupation as "special agent" and his employer as the USSS when he donated $990 to the Republican National Committee in January.The tech billionaire donated nearly $990 to the Republican National Committee across January 7 and 8, and listed his job as a "special agent" at the US Secret Service, per new Federal Election Commission (FEC) filings.

Musk had previously indicated in an April earnings call that Tesla was well placed to weather the global chip shortage by “pivoting extremely quickly to new microcontrollers.”

Electrek has been tracking Tesla’s price changes in recent months. The Standard Range Plus version of the Model 3 has increased from $36,990 in February to $39,990 in late May, for example, while the Model Y Long Range AWD version has gone from $49,990 to $51,990 over the same period. Tesla has updated its prices almost half a dozen times since February this year.

'SNL' alum Conan O'Brien called Elon Musk a 'dream guest' for the show

  'SNL' alum Conan O'Brien called Elon Musk a 'dream guest' for the show Conan O'Brien was a writer for "SNL" from 1988 to 1991 and said that non-comedians were funnier in sketches because they were "fish out of water."Some current cast members including Aidy Bryant, Bowen Yang, and Andrew Dismukes didn't seem thrilled that Musk had signed to host the May 8 show, and have since deleted posts that appeared to be thinly-veiled digs at the Tesla CEO.

Tesla is far from unique in seeing its prices affected by the global chip shortage, which has had a wide-reaching impact on the manufacturing of everything from games consoles to toasters. Automakers have been particularly badly hit by the shortage, and have had to temporarily shut down production lines even as demand for new cars and trucks increases.

Officials say Elon Musk's new tunnel to the beach can't come fast enough .
Tunnel engineering experts are skeptical that the Boring Co.’s plans work as imagined.In recent months, three separate groups of elected officials and business leaders from Fort Lauderdale traveled to Las Vegas to study this tunnel loop in which human-driven Tesla cars ferry passengers between three stations.

See also