Tesla raises prices on some models sold in China: report

Investor’s Business Daily executive editor Alissa Coram analyzes the stock performances of Uber and Tesla on ‘Varney & Co.’

Tesla Inc. has made a small price hike on some of their long-range vehicles, according to Reuters.

Starting on Thursday, November 9, the electric automaker said that they will raise the prices to the long range versions of the Model 3 and Model Y in China.

Effective immediately, the price of the Model 3 Long Range has increased by RMB 1,500 ($206) in China.

The Model Y Long Range has also increased in China by RMB 2,500 ($304).

TESLA CUTS PRICES IN THE US AGAIN TO SPUR DEMAND

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. (REUTERS/Aly Song/File Photo / Reuters Photos)

Tesla builds Model 3 and Model Y in their Shanghai plant, while the Model X and Model S are produced at the Tesla Factory in Fremont, California.

TESLA CUTS PRICES IN THE US AGAIN TO SPUR DEMAND

The Model 3 and Model Y are Tesla’s bestselling vehicles.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

Aerial view of Tesla Shanghai Gigafactory on June 2, 2023 in Shanghai, China. (VCG/VCG via Getty Images / Getty Images)

Elon Musk’s car company slashed prices in both China in January 2023 and in the U.S. in both January and April.

In January, Tesla cut the prices in China after disappointing sales numbers came out in December.

In the U.S., Tesla cut the prices of the Model Y ‘long range’ and ‘performance’ vehicles by $3,000 each and the Model 3 with rear-wheel drive by $2000 to $39,990.

Tesla did not immediately respond to Fox News Digital’s request for comment.

CLICK HERE TO READ MORE ON FOX BUSINESS

Reuters contributed to this report.

Source link