Tesla Raises Model Y and Model 3 Prices in China

Tesla Model 3 Tesla Model 3

Tesla Inc. raised the prices of its two car models for the second time in a short time due to high demand in China.

Quoted from Bloomberg, the company owned by Elon Musk announced a 3.9 percent increase for the entry-level Model 3 to 265,652 yuan (about $41,678) after subsidies. Meanwhile, prices for the base edition Model Y will rise 7.5 percent to 301,840 yuan (about $47,356).

The price increase for the Model Y will at the same time prevent this model from receiving subsidies from the government because the price is no longer below 300,000 yuan.

Unfortunately, Tesla did not provide a reason behind this increase. The first increase occurred on November 24 last year.

Tesla is known as an automotive company that does not have a public relations division.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important EV News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use