Tesla increases price of Performance Model Y in China

Design Studio China

Tesla has made a lot of changes to the price of the Model Y in the US this year. The automaker has been decreasing and increasing the price of both the Long Range (LR) and Performance variants in $500 and $1,000 increments.

While the individual changes are small, it has resulted in an overall price increase for the LR Model Y of $4,000 compared to earlier this year.

Now it is China’s turn, although the price increase is a little more substantial at ¥10,000 ($1,969 CAD).

According to an update to the Design Studio, the Performance Model Y made at Giga Shanghai now starts at ¥387,900 ($76,386 CAD), up from the previous price of ¥377,700.

The prices of the Standard Range (SR) and LR variants have remained the same.

China Model Y price

Giga Shanghai has seen production of the Model Y ramp up significantly since it was first introduced earlier this year. According to the latest reports, the factory is churning out approximately 1,000 units per day.

Since the factory became Tesla’s primary vehicle export hub, many of those are being shipped off to Europe ahead of the opening of Giga Berlin. If everything goes well with the final approvals, Elon Musk is hoping to begin production in Germany as early as next month.

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca