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Tesla hikes EV prices as gas prices soar

Tesla Investigation
FILE – This Oct. 18, 2019 file photo shows a Tesla logo in Salt Lake City. Complaints that Tesla’s giant touch screens can fail have drawn the attention of U.S. safety regulators. The National Highway Traffic Safety Administration says in documents that it’s investigating failures in the 2012 through 2015 Tesla Model S.(AP Photo/Rick Bowmer, File)

The Biden administration’s solution to rising fuel prices is for Americans to buy an electric vehicle (EV), but even the price of those is spiking.

Gas prices are still sky-high but they’re declining. Triple-A reports the national average is down one cent today to $4.31 a gallon. That’s two cents below the all-time high, set last Friday. Gas prices in Palm Beach County are still the highest in the state especially in Boca Raton where they are above the national average.
Meanwhile, Tesla is raising the price of all its cars across the nation and in China, for the second time in a week.

That means the cheapest electric car, the Model Three, now starts at $47-thousand. The electric car company blames rising costs.

CEO Elon Musk tweeted that inflation in raw materials and logistics is putting “significant pressure” on Tesla and his SpaceX company.

Elon Musk
FILE – In this Friday, June 22, 2012 file photo, Tesla CEO Elon Musk walks past the Tesla Model S after a news conference at the Tesla factory in Fremont, Calif. Musk on Tuesday, Nov. 5, 2013, blamed a shortage of lithium-ion battery cells for trouble meeting demand for Tesla’s lone vehicle, the Model S. Cars that could have been sold in North America were diverted to Europe to satisfy waiting customers, Musk said on a conference call after releasing third-quarter earnings. (AP Photo/Paul Sakuma)

in addition, South Florida lawmakers are accusing President Biden of offering favors to Venezuela’s Nicolas Maduro during secret meetings.  Representative Mario Diaz-Balart says Venezuelans deserve solidarity, not betrayal.

The Biden Administration says it has put the talks on hold, but many believe a deal to grant Chevron a special license to resume drilling for oil in Venezuela is on the table as gas prices soar.

gas prices