{"id":48711,"date":"2023-05-02T09:03:10","date_gmt":"2023-05-02T13:03:10","guid":{"rendered":"https:\/\/autosector.com\/?p=48711"},"modified":"2023-05-02T09:03:10","modified_gmt":"2023-05-02T13:03:10","slug":"tesla-model-3-y-price-increase","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=48711","title":{"rendered":"Tesla raises prices a small amount in U.S., China, Japan and Canada"},"content":{"rendered":"

Tesla<\/a> has raised prices in a range of up to $290 in Canada, China<\/a>, Japan<\/a> and the United States, its website showed on Monday, after having slashed prices on its top-selling vehicles since the start of the year.<\/p>\n

The hike was Tesla’s first on its two top-selling models at the same time in multiple markets, although prices across its lineup are much lower than in January, after a round of discounts.<\/p>\n

Last month Chief Executive Elon Musk<\/a> said the company would prioritize sales growth ahead of margins and look to profit later on its rollout of self-driving software for a larger fleet of vehicles.<\/p>\n

Since January, Tesla has shifted to a real-time pricing model that is closer to airlines or ride-sharing than the fixed prices of the traditional auto industry model.<\/p>\n

Musk has said the company is willing to sacrifice margin for sales volume but is also looking to move prices back higher, where it can, to match deliveries with output.<\/p>\n

By Monday, Tesla’s website showed it had raised the starting price point by $250 on the base model Model Y<\/a> and Model 3<\/a> in the United States.<\/p>\n

Prices changed about the same amount in its second largest market of China, as well as in Canada and Japan, those websites showed.<\/p>\n

It was the first time since January that Tesla has increased the price of its cheapest car, the Model 3, in the United States.<\/p>\n

The entry-level, rear-wheel-drive Model 3 is still about 14% cheaper in the U.S. than at the start of the year. The long-range version of the Model Y remains about 24% cheaper in Tesla’s largest market.<\/p>\n

In Canada, Tesla raised prices by C$300 ($222) for the performance versions of its Model 3 and Model Y. In Japan, prices for the entry-level Model 3 rose 37,000 yen ($269).<\/p>\n

In China, Tesla raised the price for variants by 2,000 yuan ($289), the website showed.<\/p>\n

Tesla touched off a price war in the world’s largest market when it began price cuts last year in China, where it and other established automakers face growing competition from a range of domestic electric car<\/a> brands led by BYD Co Ltd.<\/p>\n

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