Tesla raises prices of some Model Y versions in China
The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan and 361,900 yuan, respectively, information on the website showed.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.
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