EV big Tesla Inc TSLA has as soon as once more elevated the worth of its Mannequin Y Lengthy Vary model in China, marking the third worth hike in lower than three weeks.
What Occurred: The price of the Mannequin Y Lengthy Vary has seen a latest uptick of 2000 yuan (roughly $282), putting the automobile at a revised worth of 306,400 yuan.
Notably, all different variants of the Mannequin Y and different Tesla fashions listed on the corporate’s China web site keep their present worth factors.
Why It Issues: This marks the third consecutive enhance in costs for the Lengthy Vary Mannequin Y throughout the month. Tesla initiated the upward changes with a 2500 yuan hike, adopted by one other 2000 yuan enhance, and now a further 2000 yuan increase.
Consequently, the automobile is now 6500 yuan or round $916 dearer than at first of November.
Regardless of this sequence of worth changes, it’s value noting that the Mannequin Y Lengthy Vary stays extra reasonably priced than its October 2022 pricing when Tesla first applied worth reductions in China.
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