Tesla does a flip-flop by lifting Model Y car prices in China just a month after cutting them

Fri, 02/10/2023 - 06:30

An aerial view of Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China. Tesla Shanghai Gigafactory is reportedly producing vehicles at a rate of about 450,000 cars per year. — An aerial view of Tesla's Shanghai Gigafactory.
Xiaolu Chu/Getty Images

Tesla has raised the base price of its Model Y crossover in China, just a month after making cuts.
The price of a rear-wheel Model Y rose 0.8% to 259,900 yuan ($38,195.87) in the country.
Tesla has seen a surge in demand since it cut prices by up to 13.5% last month to stoke output.

Tesla has raised the starting price of its Model Y crossovers in China, just weeks after bringing in huge cuts that helped stoke demand among buyers in the reopening country.