Tesla has increased pricing for the Model Y in the US and China, one week after lowering prices for the electric SUV in Canada. The price increases affect only the Model Y Long Range variant in the US, and the Model Y Performance in China.
After a series of price cuts, the most recent of which was just earlier this month that brought the Model Y down to new lows in the US, Tesla slightly increased the Model Y LR price in the US by $500 on Thursday night, now starting at $48,990. The prices for the Rear-Wheel Drive (RWD) and Performance variants remained the same at $43,990 and $52,490.
BREAKING: Tesla has increased the price of the Model Y Long Range in the US by $500 to $48,990. pic.twitter.com/fn4UPGQFsA
— Sawyer Merritt (@SawyerMerritt) October 27, 2023
Meanwhile in China, the Performance variant of the electric SUV saw a more substantial price increase in China. Unlike how Tesla operates in North America, making the price changes quietly on the website leaving fans to discover them, Tesla China announced the price increase on its official Weibo account. According to the post the Model Y Performance now starts at ¥363,900, which is a ¥14,900 (~C$2,800) more than it was before. The RWD and LR variants remained the same at ¥263,900 and ¥299,900 respectively.
The price changes weren’t the only updates Tesla made to its Design Studio last night. The company also added a new Stealth Grey colour for the Model S and Model X built at the Fremont factory. The new colour replaces Midnight Silver Metallic, and like with all other paint options on the two flagship vehicles, Stealth Grey is included in the base price of the vehicle.