On May 21st, Tesla’s official US website announced that the starting prices of the Model 3 Standard Range Plus and Long Range versions, as well as the Model Y Long Range version, will be increased by $500. The Standard Range Plus version will have a starting price of $39,990, the Long Range version will start at $48,990, and the Model Y will start at $51,990.
On May 8th, Tesla’s official Chinese website announced that the starting price of the Model 3 Standard Range Plus version would be increased by ¥1,000, bringing the price up to 250,000 yuan, which sparked controversy in China.
This is the fifth time that Tesla has raised the price of the Model 3 since March this year. Additionally, the entire Model Y series increased by ¥8,000 in March in the Chinese market.
This reflects the reality of fluctuating costs due to strong demand for automobile production and global inflation expectations. In addition, supply shortages of raw materials such as Tesla chips and batteries have also led to increased production costs.
Compared to overseas markets, the local supply chain localization of Tesla in China has alleviated pricing pressures. However, the recent frequent news of Tesla brake accidents in China may reduce the potential willingness of Chinese consumers to purchase.
In terms of delivery volume, the number of deliveries of Model 3 and Model Y fell sharply in April, with nearly 10,000 fewer cars delivered compared to March.
🔗Source: tesla
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.