Tesla (TSLA): New Model S Deliveries on Hold - Report

July 23, 2021 6:47 AM EDT

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Tesla (NASDAQ: TSLA) has put deliveries of the new Model S on hold, according to a report in Electrek.

Customers have complained that they are not receiving their orders and the company told them they’re on hold. It is still unclear why this is happening.

Buyers have been informed by the EV company that their vehicles have arrived at the local delivery center but they still can’t take them.

One customer said on Reddit that he was told there are “new inspection standards” in place and that’s why deliveries are on hold.

Tesla recently delivered another price increase by hiking the prices for the base versions of both Model S and Model X units by $5,000.

The price hike came just weeks after Tesla finally started delivering new Model S units in June.

Shares of Tesla are down in 0.7% in pre-open.



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