Skip to content
SATONICSATONIC
Tesla raises prices of some Model Y versions in China

Tesla raises prices of some Model Y versions in China

SHANGHAI, Feb 17 (Reuters) - Tesla raised prices of performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China on Friday, according to its Chinese website.

The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) and 361,900 yuan, respectively, information on the website showed.

It is the second time that Tesla has raised prices since it had lowered prices of all Model 3 and Model Y cars in its second-largest market by 6% to 14% in early January.

The performance Model Y remains 9% cheaper than before the price cuts, while the long-range version is 13% cheaper.

The price cuts had stoked demand, but the bump for the Model 3 in China had showed signs of diminishing.

Sales of the Model 3 quadrupled in January after its base price was cut by almost 14%. But for the first week of February, sales were down by more than two-thirds from the end of January, data from China Merchants Bank International showed. In contrast, Model Y sales held steady.

Tesla also raised the price of the performance version of Model Y in the United States by $1,000 on Tuesday, while cutting the price of the rear-wheel drive Model 3 sedan by $500.

 

/p>

Leave a comment

Your email address will not be published..

Cart 0

Your cart is currently empty.

Start Shopping

Hi there

Welcome Guest
We typically reply within minutes
James
Hello! James here from Support team,this is sample text. Original text will display as per app dashboard settings