Tesla China raises locally-made Model Y RWD's price by 2,000 yuan

Shanghai (Gasgoo)- Tesla recently bumped up the price of the China-made Model Y RWD version by 2,000 yuan ($290) for the world’s largest auto market, but the automaker has not explained the price rise yet, according to Tesla’s China official website.

Model Y; photo credit: Tesla

The Model Y currently has three locally-made variants available for sale in China. Aside from the RWD version, the Long Range and the Performance still have their prices left untouched.

Both the RWD and Long Range trim feature a lead-time of 2-5 weeks, while the Performance version is expected to be delivered in 1-4 weeks.

The latest price increase came only one month after Tesla issued price reduction for the made-in-China Model 3 and Model Y.

Notably, in the previous price cut round, the company lowered the price of the made-in-China Model 3 RWD by 36,000 yuan ($5,300) to only 229,900 yuan ($33,850).

It seems that the price drop significantly spurred Tesla’s China sales performance last month. According to data by the China Passenger Car Association (CPCA), Tesla sold 66,051 China-made vehicles via wholesale in Jan. 2023, representing a 10.37% increase year-on-year and an 18.32% jump month-on-month. This was a pretty outstanding performance as most automakers faced downturn in Jan. sales due to the Spring Festival holiday reason.