Tesla Model 3, Y Long Range Get Price Hike in China
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has increased the prices of its Model 3 and Model Y Long Range versions in China by up to 2,500 yuan. The price of the Model 3 Long Range has been raised by 1,500 yuan ($206 USD), while the Model Y Long Range has seen a price surge of 2,500 yuan ($344 USD). Despite the price hike, the Model Y Long Range continues to be cheaper than Oct. 2022 when Tesla first started cutting prices in China.
November 09, 2023 | 2:03 am
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NEUTRAL IMPACT
Tesla's decision to increase the prices of its Model 3 and Model Y Long Range versions in China could potentially impact its sales in the short term. However, the price hike is marginal and the Model Y Long Range continues to be cheaper than Oct. 2022.
The price increase could potentially deter some customers, impacting Tesla's sales in the short term. However, the price hike is relatively small and the Model Y Long Range continues to be cheaper than when Tesla first started cutting prices in China in Oct. 2022, which could mitigate the impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100