Tesla raises US price of Model X Plaid all-wheel drive by 5.6%

This comes a day after CEO Elon Musk said Tesla had managed to maintain demand with a series of price cuts but added he was concerned that rising interest rates would make cars unaffordable. Higher financing costs meant the price of the popular Model Y SUV was "almost unchanged" for consumers despite price cuts, Musk said. Earlier this month, Tesla cut prices for its Model 3 and Model Y vehicles in the U.S.