Tesla Raises Model Y Long Range Price In China For Second Time In 2 Weeks
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has increased the price of its Model Y Long Range in China by 2000 yuan, marking the second price hike in less than two weeks. The new price is 304,400 yuan, although it remains cheaper than its price in October 2022. Other Tesla models and variants have not changed in price.
November 21, 2023 | 3:24 am
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Tesla's second price increase for the Model Y Long Range in China could signal strong demand or cost pressures, potentially affecting investor sentiment.
The price increase for the Model Y Long Range in China could be interpreted in multiple ways. On one hand, it might suggest strong demand, allowing Tesla to raise prices without hurting sales, which could be positive for the stock. On the other hand, it could indicate rising costs for materials or production, which might squeeze margins. Since other models and variants have not seen a price change, the impact is likely to be moderate and specific to the Model Y Long Range's sales performance in China.
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