Tesla Model Y To Get Pricier In China: Report
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is reportedly planning to increase the price of its Model Y variants in the Chinese market. The performance version of the Model Y saw its price increase by 14,000 yuan in late October. The exact timing of the price revision for other Model Y versions is not yet known. Last year, Tesla initiated a price war in China by cutting its EV prices when sales growth began to slow down.
November 07, 2023 | 8:51 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tesla's decision to increase the price of its Model Y variants in China could potentially impact its sales in the region. However, the company's vehicles remain cheaper than before it started cutting prices.
The price increase could potentially deter some customers, impacting Tesla's sales in the short term. However, the company's vehicles remain cheaper than before it started cutting prices, which could still make them attractive to customers. The exact impact will depend on the extent of the price increase and the response from competitors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100