Tesla Increases Price of Model 3 and Model Y in China

Photo: @Tesla__Mania

After Tesla increased the price of its entry-level Model 3 in China last week, the company has now again boosted prices on the Rear-Wheel-Drive variants of two of its vehicles.

Tesla has increased the price of its Rear-Wheel-Drive (RWD) variants of both the Model 3 and the Model Y in China, according to @Tesla__Mania.

The Model 3 RWD has increased to RMB 255,652 ($39,992 USD) from RMB 250,900 ($39,248 USD), while the Model Y RWD increased by the same amount, now being priced at RMB 280,752 ($43,918 USD).

Despite the price increase, as well as other price increases throughout the year, demand for Tesla’s Model 3 and Model Y units remains high.

Just yesterday, Tesla also increased prices for Model 3 and Model Y in Canada.

In September, the Tesla Model 3 and Y lead China’s luxury auto insurance registrations, with the Model Y even causing backups at registration centers in cities across China during the same month.

Tesla also announced plans to begin delivering the Model Y Performance this week, after some reservation holders have been waiting for as much or more than a year.

In addition, Tesla announced that the Model S Plaid will probably launch in March in China, after the company launched the vehicle in June at a Plaid Special Event in California.

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Earlier this month, Tesla also officially added a trunk cargo cover included with the purchase of the Model Y.