Tesla has raised the prices of both the new Model S and Model X by about 2 percent in China, following price increases for the locally produced Model 3 and Model Y three days ago.
$Tesla (TSLA.US)$ raised the prices of both of its more expensive models by about 2 percent in China, following price hikes three days ago for the two less expensive locally produced models.
The prices of the entire lineup of the new Model S and the Model X were all raised by RMB 19,000 ($2,750) in China, the latest information from Tesla's China website shows.
The latest starting price for the dual-motor all-wheel drive Model S in China is RMB 808,900, up RMB 19,000, or 2.41 percent, from the previous price of RMB 789,900.
The latest starting price for the tri-motor all-wheel drive Model S Plaid is RMB 1,028,900, up RMB 19,000, or 1.88 percent, from the previous RMB 1,009,900.
The latest starting price for the dual-motor all-wheel drive Model X is RMB 898,900, up RMB 19,000, or 2.16 percent, from RMB 879,900.
The latest starting price for the tri-motor all-wheel drive Model X Plaid is RMB 1,058,900, up RMB 19,000, or 1.83 percent, from the previous price of RMB 1,039,900.
On May 2, Tesla just raised the price of all Model 3 and Model Y in China, and the smaller margin means the move is more aimed at dispelling consumer wait-and-see sentiment.
Tesla has a factory in Shanghai that makes the Model 3 and Model Y, and their prices in China were all raised by 2,000 yuan, or less than 1 percent.
The company now offers two versions of the Model 3 in China -- the rear-wheel drive Model 3 and the dual-motor all-wheel drive Model 3 Performance -- and three versions of the Model Y -- the entry version Model Y, Model Y Long Range, and Model Y Performance.
The two versions of the Model 3 currently start at RMB 231,900 and RMB 331,900 respectively, while the three versions of the Model Y start at RMB 263,900, RMB 313,900 and RMB 363,900 respectively.
($1 = RMB 6.9067)
Tesla hikes Model 3, Model Y prices slightly in China
Tesla China price changes
Date | Model | Prev Price | Change (RMB) | % | Latest Price |
|---|---|---|---|---|---|
May 5, 2023 | Model S | 789,900 | 19,000 | 2.41% | 808,900 |
May 5, 2023 | Model S Plaid | 1,009,900 | 19,000 | 1.88% | 1,028,900 |
May 5, 2023 | Model X | 879,900 | 19,000 | 2.16% | 898,900 |
May 5, 2023 | Model X Plaid | 1,039,900 | 19,000 | 1.83% | 1,058,900 |
May 2, 2023 | Model 3 | 229,900 | +2,000 | 0.87% | 231,900 |
May 2, 2023 | Model 3 Performance | 329,900 | +2,000 | 0.61% | 331,900 |
May 2, 2023 | Model Y | 261,900 | +2,000 | 0.76% | 263,900 |
May 2, 2023 | Model Y Long Range | 311,900 | +2,000 | 0.64% | 313,900 |
May 2, 2023 | Model Y Performance | 361,900 | +2,000 | 0.55% | 363,900 |
Feb 17, 2023 | Model Y Performance | 359,900 | +2,000 | 0.56% | 361,900 |
Feb 17, 2023 | Model Y Long Range | 309,900 | +2,000 | 0.65% | 311,900 |
Feb 10, 2023 | Model Y | 259,900 | +2,000 | 0.77% | 261,900 |
Jan 6, 2023 | Model X Plaid | New | NA | NA | 1,039,900 |
Jan 6, 2023 | Model X | New | NA | NA | 879,900 |
Jan 6, 2023 | Model S Plaid | New | NA | NA | 1,009,900 |
Jan 6, 2023 | Model S | New | NA | NA | 789,900 |
Jan 6, 2023 | Model Y Performance | 397,900 | -38,000 | -9.55% | 359,900 |
Jan 6, 2023 | Model Y Long Range | 357,900 | -48,000 | -13.41% | 309,900 |
Jan 6, 2023 | Model Y | 288,900 | -29,000 | -10.04% | 259,900 |
Jan 6, 2023 | Model 3 Performance | 349,900 | -20,000 | -5.72% | 329,900 |
Jan 6, 2023 | Model 3 | 265,900 | -36,000 | -13.54% | 229,900 |
Oct 24, 2022 | Model Y Performance | 417,900 | -20,000 | -4.79% | 397,900 |
Oct 24, 2022 | Model Y Long Range | 394,900 | -37,000 | -9.37% | 357,900 |
Oct 24, 2022 | Model Y | 316,900 | -28,000 | -8.84% | 288,900 |
Oct 24, 2022 | Model 3 Performance | 367,900 | -18,000 | -4.89% | 349,900 |
Oct 24, 2022 | Model 3 | 279,900 | -14,000 | -5.00% | 265,900 |
June 17, 2022 | Model Y Long Range | 375,900 | +19,000 | 5.05% | 394,900 |
Mar 17, 2022 | Model Y | 301,840 | +15,060 | 4.99% | 316,900 |
Mar 15, 2022 | Model Y Performance | 397,900 | +20,000 | 5.03% | 417,900 |
Mar 15, 2022 | Model Y Long Range | 357,900 | +18,000 | 5.03% | 375,900 |
Mar 15, 2022 | Model 3 Performance | 349,900 | +18,000 | 5.14% | 367,900 |
Mar 15, 2022 | Model 3 | 265,652 | +14,248 | 5.36% | 279,900 |
Mar 10, 2022 | Model Y Performance | 387,900 | +10,000 | 2.58% | 397,900 |
Mar 10, 2022 | Model Y Long Range | 347,900 | +10,000 | 2.87% | 357,900 |
Mar 10, 2022 | Model 3 Performance | 339,900 | +10,000 | 2.94% | 349,900 |
Dec 31, 2021 | Model Y | 280,752 | +21,088 | 7.51% | 301,840 |
Dec 31, 2021 | Model 3 | 255,652 | +10,000 | 3.91% | 265,652 |
Nov 24, 2021 | Model Y | 276,000 | +4,752 | 1.72% | 280,752 |
Nov 24, 2021 | Model 3 | 250,900 | +4,752 | 1.89% | 255,652 |
Nov 19, 2021 | Model 3 | 235,900 | +15,000 | 6.36% | 250,900 |
Oct 27, 2021 | Model S Long Range | 859,990 | +30,000 | 3.49% | 889,990 |
Oct 27, 2021 | Model X Long Range | 909,990 | +30,000 | 3.30% | 939,990 |
Sept 11, 2021 | Model Y Performance | 377,900 | +10,000 | 2.65% | 387,900 |
Aug 4, 2021 | Model S Long Range | 829,990 | +30,000 | 3.61% | 859,990 |
Aug 4, 2021 | Model X Long Range | 879,990 | +30,000 | 3.41% | 909,990 |
Jul 30, 2021 | Model 3 | 250,900 | -15,000 | -5.98% | 235,900 |
Jul 16, 2021 | Model S Long Range | 799,990 | +30,000 | 3.75% | 829,990 |
Jul 16, 2021 | Model X Long Range | 849,990 | +30,000 | 3.53% | 879,990 |
Jul 8, 2021 | Model Y | NA | New | NA | 276,000 |
May 8, 2021 | Model 3 | 249,900 | +1,000 | 0.40% | 250,900 |
Mar 24, 2021 | Model Y Long Range | 339,900 | +8,000 | 2.35% | 347,900 |
Mar 24, 2021 | Model Y Performance | 369,900 | +8,000 | 2.16% | 377,900 |
Jan 1, 2021 | Model Y Long Range | New | NA | NA | 339,900 |
Jan 1, 2021 | Model Y Performance | New | NA | NA | 369,900 |
Jan 1, 2021 | Model 3 Performance | New | NA | NA | 339,900 |
Oct 1, 2020 | Model 3 | 271,600 | -21,700 | -7.99% | 249,900 |
Oct 1, 2020 | Model 3 Long Range | 344,050 | -34,150 | -9.93% | 309,900 |