Tesla Increases Price of Model Y in China by Just Over $1,200 USD

Tesla has increased the price of the Model Y in China, raising the price by CNY 8,000 ($1,226 USD).

The announcement was made by Tesla China’s Global Vice President Grace Tao on Weibo on Wednesday afternoon in the country local time (via @42how_).

According to Tao, she said (via Google Translate), “The price of Model Y on sale will be increased by RMB 8,000, which will take effect today. Customers who have ordered are not affected by this price adjustment. Thank you for your support and understanding!”

The price adjustment only affects new orders and not existing orders.

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The price increase for Model Y in China now results in the following:

  • Long Range AWD: 347,900 CNY (was 339,900)
  • Performance AWD: 377,900 CNY (was 369,900)

The Model Y price hike in China comes after Tesla increased the price of the compact crossover SUV  (Long Range AWD version) in the United States by $1,000 USD, just under two weeks ago.

Tesla launched the Model Y in China back on New Year’s Day. Since then, the California automaker has seen huge demand for the compact crossover. Currently, the Long Range Model Y is delivering in Q2 of 2021 according to Tesla’s website, while the Performance Model Y is slated for delivery in Q3 of this year.