Another Price Increase after March
According to an announcement on Tesla’s official Chinese website, the price of the Model Y dual-motor long-range version has increased by 19,000 CNY, from the previous 375,900 CNY to 394,900 CNY.
The Model 3/Y has experienced multiple price adjustments in the past. In March, for example, Tesla adjusted its prices three times during a short seven-day period from March 10 to March 17:
First time:
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On March 10, the long-range and high-performance versions of the Model Y increased by 10,000 CNY each, selling for 357,900 CNY and 397,900 CNY respectively.
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On March 10, the high-performance version of the Model 3 increased by 10,000 CNY, selling for 349,900 CNY.
Second time:
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On March 15, the long-range version of the Model Y increased by 18,000 CNY, selling for 375,900 CNY.
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On March 15, the high-performance version of the Model Y increased by 20,000 CNY, selling for 417,900 CNY.
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On March 15, the rear-wheel-drive version of the Model 3 increased by 14,000 CNY, selling for 279,900 CNY.
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On March 15, the high-performance version of the Model 3 increased by 18,000 CNY, selling for 367,900 CNY.
Third time:
- On March 17, the rear-wheel-drive version of the Model Y increased by 15,000 CNY, selling for 316,900 CNY.
Currently, the Model 3 maintains the price it had after its March 15th price increase: 279,900 CNY for the rear-wheel-drive version and 367,900 CNY for the Performance version.
North American Prices All Increase, Will China Be Spared?
Just yesterday, Tesla implemented a “price adjustment mode” for its entire lineup in the United States:
- The Model 3 dual-motor long-range version increased by $2,500.
– Model Y dual-motor long-range version increased by $3,000;
- Model Y Performance increased by $2,000.
Model S dual-motor all-wheel-drive version increased by $5,000;
Model X dual-motor all-wheel-drive version increased by $6,000.
After yesterday’s price increase in the United States, Tesla’s official website in China immediately raised the price of the dual-motor long-range Model Y. Therefore, whether the price of Model 3 in China will further increase in the near future is also unknown.
Fundamentally, the reason for Tesla’s price increase is likely due to the rise in raw material prices and the increase in logistics costs. Moreover, due to Tesla’s backlog of orders, many customers’ orders will not be delivered until 6-12 months later, and Tesla must predict the increase in costs and reflect them in the car price to maintain the profit margin.
Therefore, the recent rumor on the Internet that the price of Model 3 in China will be significantly reduced is probably just a “fantasy”.
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.