Tesla increases Model Y prices in US and China by $1,000 and RMB 5,000, respectively.
Tesla raises prices for Model Y in US and China. Model Y's base variant price in the US increased by $1,000 to $44,990, while in China, the price increased by RMB 5,000 ($692). These price hikes come amid ongoing demand and market strategy shifts. In response, Chinese car manufacturers, including Nio, Xpeng, and Chery Automobile, have reduced their own car prices and offered incentives to customers.
April 01, 2024
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