Tesla increases prices globally: Model Y goes up $250 in the US and ¥2000 in China

On May 2nd, according to the official website of Tesla, all Tesla models have increased in price. Currently, the rear-wheel drive version of Tesla Model Y in China has increased by 2,000 yuan to 263,900 yuan, the Long Range version has increased to 313,900 yuan, and the Performance version has increased to 363,900 yuan, with expected delivery within 2-5 weeks.

In addition, the price of Tesla Model 3 in China has increased to 231,900 yuan, and the Model 3 Performance version has increased to 331,900 yuan, with expected delivery within 1-4 weeks.

Tesla
Tesla

Model Y prices in the US have increased to $47,240, with the Long Range version now at $50,240, and the Tesla Model Y Performance now at $54,240. Model 3 prices have also increased to $40,240 and $53,240.

Tesla
Tesla

Just this April, Tesla lowered the price of the Model Y Long Range to $49,990, the Model Y Performance to $53,990, and the Model 3 Rear-Wheel Drive to $39,990.

Tesla
Tesla

On April 7th, earlier this year, Tesla lowered the prices of their cars in the United States. The Model 3 and Model Y were reduced by $1,000 and $2,000 respectively, while the Model S and Model X were reduced by $5,000. The overall reduction ranged from 2% to 6%. At the same time, Tesla officially launched a lower-priced Model Y in the US market, with an AWD power system and a starting price of $49,990.

In fact, Tesla has been waging a price war globally since last year. In the Chinese market, Tesla significantly reduced the prices of the Model 3 and Model Y earlier this year, with reductions ranging from 20,000 to 48,000 yuan. The starting price of the Model 3 was reduced to 229,900 yuan, while the basic version of the Model Y had the largest reduction of 20%.

In the first quarter of this year, Tesla delivered a total of 422,900 new cars, an increase of 4% compared to the previous quarter and an increase of 36% year-on-year, setting a new record for single-quarter deliveries.

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