Tesla hikes prices in U.S., China and other markets after multiple cuts
- Tesla increased the price of vehicles including its Model 3 and Model Y in the U.S., China, Canada, and Japan.
- In China, Tesla’s Model 3 now costs 231,900 Chinese yuan ($33,549.86), up from the previous price of 229,900 yuan, according to the company’s website.
- In the U.S., the Model 3 and Model Y series of cars now cost $250 more. The Model 3 starts at $40,240, while the Model Y is priced at $47,240.
- However, the price of Tesla’s vehicles remains lower than at the start of the year due to several rounds of price cuts across the world.
Tesla hiked the price of several cars in key markets, including the U.S. and China, after a number of cuts this year.
Elon Musk’s electric vehicle company increased the price of vehicles including its Model 3 and Model Y in the U.S., China, Canada, and Japan.
In China, Tesla’s Model 3 now costs 231,900 Chinese yuan ($33,549), up from the previous price of 229,900 yuan, according to the company’s website Tuesday. The Model Y is also 2,000 yuan higher at 263,900 yuan, while the long-range and performance editions of the car are also priced 2,000 yuan higher.
