Tesla does a flip-flop by lifting Model Y car prices in China just a month after cutting them
The price of a rear-wheel Model Y rose 0.8% to 259,900 yuan in the country.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.
The electric-vehicle maker has set a new base price of 261,900 yuan for the rear-wheel-drive version of the car-based SUV,In January, Tesla twice slashed prices for its models in China,by between 6% and 13.5% in a bid to boost demand at its Shanghai factory. The price reductions have already been a huge success, going by a Wedbush survey of Chinese consumers who expect to purchase an
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