Tesla hikes price of basic Model Y by $295 in China

The wait time for the model remains the same as before at 2-5 weeks, and pricing and specifications for the rest of the Model Y variants and Model 3 in China remain unchanged.
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The wait time for the model remains the same as before at 2-5 weeks, and pricing and specifications for the rest of the Model Y variants and Model 3 in China remain unchanged.

Tesla hikes price of basic Model Y by $295 in China-CnEVPost

(Vehicle information displayed on Tesla’s China website on February 10.)

Tesla (NASDAQ: TSLA) raised the price of the basic Model Y in China by RMB 2,000 ($295), after a price cut for all China-made models a month ago.

The Tesla Model Y rear-wheel drive version has an updated starting price of RMB 261,900 in China, up from RMB 259,900 previously, according to its China website.

Wait time for the model remain the same as before at 2-5 weeks, and pricing and specifications for the other versions of the Model Y and the Model 3 remain unchanged in China.

Tesla hikes price of basic Model Y by $295 in China-CnEVPost

(Image credit: CnEVPost)

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The company currently offers two versions of the Model 3 in China, as well as three versions of the Model Y.

The EV maker significantly lowered the prices of the full Model 3 and Model Y lineup in China on January 6, with the price of the entry-level Model Y reduced by 29,000 yuan at that time from RMB 288,900 to RMB 259,900.

The entry-level Model 3’s starting price was at that time reduced to RMB 229,900, down RMB 36,000 from RMB 265,900 previously. This was an all-time low for the Model 3 starting price in China.

It’s the second time in three months that Tesla has significantly cut prices in China, in response to the slumping demand it faces in the country with the slowing economy and growing competition.

On January 9, the expected delivery dates for both the entry-level rear-wheel drive Model Y and the dual-motor all-wheel drive Model Y Long Range were changed from the previous 1-4 weeks to 2-5 weeks.

The expected delivery date for the two versions of the Model 3 — the entry-level rear-wheel drive version and the two-motor all-wheel drive Model 3 Performance — was also unchanged at that time, at 1-4 weeks.

Last week, Tesla’s Model Y Long Range price was raised by $1,500 in the US to an updated price of $54,990. The Model Y Performance was then priced up $1,000 to $57,990 in the US.

Tesla delivered 26,843 vehicles in China in January, and the Shanghai plant exported 39,208, according to data released earlier this week by the CPCA.

The Model 3 sold 12,659 units at retail in China in January, placing it fourth in the CPCA’s ranking of the best-selling new energy sedans.

The Model Y sold 14,184 units at retail in China in January, ranking No. 2 in China for high-end SUVs with a starting price above RMB 300,000.

The Mercedes-Benz GLC sold 14,317 units in China in January, narrowly edging out the Model Y for the top spot on the list. Sales of the Mercedes-Benz SUV were down 35.9 percent year-on-year.

The Model Y topped the list of best-selling premium SUVs in China in December and for the full year 2022 with 29,387 and 315,314 units sold, respectively.

(Exchange rate on February 10: 1 US dollar = 6.780 yuan)

Tesla Model Y loses top-selling premium SUV spot to Mercedes-Benz GLC in China in Jan

Tesla China price changes

Date Model Prev Price Change (RMB) % Latest Price
20240424 Model 3 Performance New NA NA 335,900
20240421 Model 3 245,900 -14,000 -5.69% 231,900
20240421 Model 3 Long Range 285,900 -14,000 -4.90% 271,900
20240421 Model Y 263,900 -14,000 -5.31% 249,900
20240421 Model Y Long Range 304,900 -14,000 -4.59% 290,900
20240421 Model Y Performance 368,900 -14,000 -3.80% 354,900
20240421 Model S 698,900 -14,000 -2.00% 684,900
20240421 Model S Plaid 828,900 -14,000 -1.69% 814,900
20240421 Model X 738,900 -14,000 -1.89% 724,900
20240421 Model X Plaid 838,900 -14,000 -1.67% 824,900
20240401 Model Y 258,900 5,000 1.93% 263,900
20240401 Model Y Long Range 299,900 5,000 1.67% 304,900
20240401 Model Y Performance 363,900 5,000 1.37% 368,900
20240112 Model 3 261,400 -15,500 -5.93% 245,900
20240112 Model 3 Long Range 297,400 -11,500 -3.87% 285,900
20240112 Model Y 266,400 -7,500 -2.82% 258,900
20240112 Model Y Long Range 306,400 -6,500 -2.12% 299,900
20231128 Model Y Long Range 304,400 2,000 0.66% 306,400
20231121 Model Y Long Range 302,400 2,000 0.66% 304,400
20231114 Model 3 259,900 1,500 0.58% 261,400
20231114 Model Y 263,900 2,500 0.95% 266,400
20231109 Model 3 Long Range 295,900 1,500 0.51% 297,400
20231109 Model Y Long Range 299,900 2,500 0.83% 302,400
20231027 Model Y Performance 349,900 14,000 4.00% 363,900
20231019 New Model 3 New NA NA 259,900
20231019 New Model 3 Long Range New NA NA 295,900
20230901 Model S 808,900 -110,000 -13.60% 698,900
20230901 Model S Plaid 1,028,900 -200,000 -19.44% 828,900
20230901 Model X 898,900 -160,000 -17.80% 738,900
20230901 Model X Plaid 1,058,900 -220,000 -20.78% 838,900
20230814 Model Y Long Range 313,900 -14,000 -4.46% 299,900
20230814 Model Y Performance 363,900 -14,000 -3.85% 349,900
20230505 Model S 789,900 19,000 2.41% 808,900
20230505 Model S Plaid 1,009,900 19,000 1.88% 1,028,900
20230505 Model X 879,900 19,000 2.16% 898,900
20230505 Model X Plaid 1,039,900 19,000 1.83% 1,058,900
20230502 Model 3 229,900 2,000 0.87% 231,900
20230502 Model 3 Performance 329,900 2,000 0.61% 331,900
20230502 Model Y 261,900 2,000 0.76% 263,900
20230502 Model Y Long Range 311,900 2,000 0.64% 313,900
20230502 Model Y Performance 361,900 2,000 0.55% 363,900
20230217 Model Y Long Range 309,900 2,000 0.65% 311,900
20230217 Model Y Performance 359,900 2,000 0.56% 361,900
20230210 Model Y 259,900 2,000 0.77% 261,900
20230106 Model 3 265,900 -36,000 -13.54% 229,900
20230106 Model 3 Performance 349,900 -20,000 -5.72% 329,900
20230106 Model Y 288,900 -29,000 -10.04% 259,900
20230106 Model Y Long Range 357,900 -48,000 -13.41% 309,900
20230106 Model Y Performance 397,900 -38,000 -9.55% 359,900
20230106 Model S New NA NA 789,900
20230106 Model S Plaid New NA NA 1,009,900
20230106 Model X New NA NA 879,900
20230106 Model X Plaid New NA NA 1,039,900
20221024 Model 3 279,900 -14,000 -5.00% 265,900
20221024 Model 3 Performance 367,900 -18,000 -4.89% 349,900
20221024 Model Y 316,900 -28,000 -8.84% 288,900
20221024 Model Y Long Range 394,900 -37,000 -09.37% 357,900
20221024 Model Y Performance 417,900 -20,000 -4.79% 397,900
20220617 Model Y 301,840 15,060 4.99% 316,900
20220617 Model Y Long Range 375,900 19,000 5.05% 394,900
20220315 Model 3 265,652 14,248 5.36% 279,900
20220315 Model 3 Performance 349,900 18,000 5.14% 367,900
20220315 Model Y Long Range 357,900 18,000 5.03% 375,900
20220315 Model Y Performance 397,900 20,000 5.03% 417,900
20220310 Model 3 Performance 339,900 10,000 2.94% 349,900
20220310 Model Y Long Range 347,900 10,000 2.87% 357,900
20220310 Model Y Performance 387,900 10,000 2.58% 397,900
20211231 Model 3 255,652 10,000 3.91% 265,652
20211231 Model Y 280,752 21,088 7.51% 301,840
20211124 Model 3 250,900 4,752 1.89% 255,652
20211124 Model Y 276,000 4,752 1.72% 280,752
20211119 Model 3 235,900 15,000 6.36% 250,900
20211027 Model S Long Range 859,990 30,000 3.49% 889,990
20211027 Model X Long Range 909,990 30,000 3.30% 939,990
20210911 Model Y Performance 377,900 10,000 2.65% 387,900
20210804 Model S Long Range 829,990 30,000 3.61% 859,990
20210804 Model X Long Range 879,990 30,000 3.41% 909,990
20210730 Model 3 250,900 -15,000 -5.98% 235,900
20210716 Model S Long Range 799,990 30,000 3.75% 829,990
20210716 Model X Long Range 849,990 30,000 3.53% 879,990
20210708 Model Y NA New NA 276,000
20210508 Model 3 249,900 1,000 0.40% 250,900
20210324 Model Y Long Range 339,900 8,000 2.35% 347,900
20210324 Model Y Performance 369,900 8,000 2.16% 377,900
20210101 Model 3 Performance New NA NA 339,900
20210101 Model Y Long Range New NA NA 339,900
20210101 Model Y Performance New NA NA 369,900
20201001 Model 3 271,600 -21,700 -7.99% 249,900
20201001 Model 3 Long Range 344,050 -34,150 -09.93% 309,900


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