Tesla Price Change

Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.

The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.

Prices for the locally produced Model 3 and Model Y have been cut by around 4-6 percent, while the imported Model S and Model X have been reduced by as much as 22 percent.

Tesla has raised the prices of all three variants of the Model Y by RMB 5,000 in China, in contrast to the price cuts made by other EV makers in the ongoing price war.

With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.

Tesla today lowered the prices of all two versions of the Model 3 by nearly 6 percent, and two of the three versions of the Model Y by nearly 3 percent.

This is Tesla's seventh price hike in China in the past month, although each time it's for a different model.

Tesla has raised the Model Y Long Rang's starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models.

Over the past month, Tesla has made three price hikes in China, albeit for different models.

The Tesla Model Y is offered in three versions in China, with the prices of the other two cheaper versions unchanged.