Tesla hikes prices after Musk warns of inflation pressures

Photo by: Tesla
Photo by: Tesla

(Austin, TX) -- Tesla is raising the prices of all its cars in the U.S. and China for the second time in a week.

The luxury, high-performance electric car company announced the move Tuesday.

CEO Elon Musk said in a tweet earlier this week that inflation in raw materials and logistics is putting "significant pressure" on Tesla and his SpaceX space exploration company.