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Tesla to raise price of China-produced Model Y vehicles from April 1

Published 03/19/2024, 10:06 PM
Updated 03/19/2024, 10:45 PM
© Reuters. A staff member attends to customers inside a Tesla Model Y car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo/file photo

BEIJING (Reuters) - Tesla (NASDAQ:TSLA) will raise the price of China-produced Model Y vehicles by 5,000 yuan ($694.55) from April 1, the company confirmed to Reuters on Wednesday.

Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday. It had announced on Friday price hikes for all Model Y cars in the U.S. by $1,000 effective April 1.

($1 = 7.1989 Chinese yuan renminbi)

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