Car price

Tesla car prices: Tesla raises prices in China and the United States for the second time in a week

Beijing: Tesla Inc raised prices in China and the United States on Tuesday for its second hike in less than a week, after founder Elon Musk said the U.S. electric car maker was facing significant inflationary pressure.

The increases come as raw material costs rise, compounded by a crisis related to Russia’s invasion of Ukraine.

The company has raised prices for all of its models in the United States, its website said. In China, it raised the prices of some Chinese-made Model 3 and Model Y products by about 5%, shortly after a hike on March 10.

Tesla declined to comment.

After increases in China, the Model Y Long Range vehicle costs 375,900 yuan ($58,952.68), up 18,000 yuan from March 10, when its price increased by 10,000 yuan.

The price of the Model 3 Performance unit was 367,900 yuan after Tuesday’s 18,000 yuan increase, which followed an increase of 10,000 yuan five days ago.

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