Tesla raises Model Y prices in China, South Korea, and Australia


After big price cuts to start the year Tesla has slowly been increasing the price of the Model Y in two of their major markets, the US and China. For the second time in less than one month the automaker has again raised it prices in China and Australia on Friday, this time adding South Korea to the mix as well.

In China Tesla raised the prices of the Long Range (LR) and Performance variants, both of which were increased by ¥2,000, or about $390 CAD or $290 USD. This now brings the starting price of the Model Y LR to ¥311,900 (~$61,100 CAD/~$45,300 USD), while the Performance now starts at ¥361,900 (~$70,900 CAD/~$52,600 USD). (h/t: @Tslachan)

These prices are still well below what they were in early January when the LR started at ¥357,900 and the Performance started at ¥397,900.

There were no price changes to the Model Y Rear-Wheel Drive, and no price changes to either Model 3 variant in China.

Meanwhile in South Korea Tesla also increased the price of the Model Y LR and Performance each by ₩‎3,000,000 (~$3,100 CAD/~$2,300) to ₩‎78,390,000 and ₩‎84,990,000 respectively. The vehicle prices weren’t the only price change as Tesla also increased the order deposit amount to ₩‎3,000,000, up from ₩1,000,000 previously.

Finally in Australia on the Model Y Performance increased $400 AUD (~$368CAD/~$273 USD) to $95,300. This follows a similar price increase to the RWD variant in Australia just last week.


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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