(TSLA) Tesla Stock Prices Facing Trouble Amidst Rising Prices
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Summary:
- Tesla battery prices are expected to increase.
- The rising prices are likely to persist.
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Tesla’s stock prices are falling amidst rising prices.
Tesla stock prices have fallen over the past week. The current rising of prices is likely to increase for some time to come and are likely to substantially increase the cost of making electric vehicle batteries more expensive. This would mean that the timeline to get electric vehicles prices to equal the price of normal vehicles could be pushed back by up to a decade.
It is clear that Tesla is trying to battle the cost of inflation in order to try to control electric vehicle prices, they are switching to larger-form batteries which add more power per unit of volume. In addition, Tesla is also planning to use more iron-based chemicals in an attempt to drive down their battery prices.
Tesla Price Chart
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Sources: barrons.com
