Update: Added 's response.

The price increases are based on next year's retreat of China's new energy vehicle subsidies, as owners who place orders now will need until 2022 to get deliveries.

(Image credit: CnEVPost)

Tesla's models have experienced several price hikes in China this year, and now the company has acted again.

Information on Tesla (NASDAQ: TSLA) China website shows that the latest price for the entry-level China-made Model 3 - the rear-wheel-drive version - is RMB 255,652, up by RMB 4,752 from the previous price of RMB 250,900.

Tesla's website clearly lists this as the post-subsidy price, stating that the model's pre-subsidy price is RMB 266,740, with private customers receiving RMB 15,840 in state subsidies in China and RMB 11,088 for non-private consumers or used for operation.

These subsidies will not be available to customers who add features to their vehicles that result in a price above RMB 300,000.

The price of the Model 3 Performance remains unchanged at RMB 339,900.

The price increases are based on next year's retreat of China's new energy vehicle subsidies, as owners who place orders now will need until 2022 to get deliveries, a Tesla source told nbd.com.cn.

Owners who have placed their orders before November 24 will not be affected for now, the source said.

(Screenshot of Tesla China website)

This comes just five days after the entry-level Model 3 price increase in China.

On November 19, information on Tesla's China website showed that the price of the entry-level Model 3 was raised by RMB 15,000 to RMB 250,900 from the previous RMB 235,900.

The range of the model has increased from the original NEDC 468 km to 556 km under CLTC, but its 0-100 km/h acceleration time has changed from the previous 5.6 seconds to 6.1 seconds.

In addition to the entry-level Model 3, the price of the entry-level Model Y - the rear-wheel-drive version - has been increased by the same RMB 4,752, from RMB 276,000 previously to RMB 280,752.

The prices of the dual-motor all-wheel-drive Model Y Long Range and Model Y Performance remain unchanged at RMB 347,900 and RMB 387,900, respectively.

Similarly, information on Tesla's website shows that the price shown for the entry-level Model Y is the post-subsidy price, which is RMB 291,840 before the subsidy.

Because the entry-level Model Y is sold out of available capacity this year and China's subsidies for new energy vehicles will be reduced next year as planned, Tesla lists the amount of subsidies available to consumers of this model for next year.

If a private consumer purchases the model, the subsidy is RMB 11,088, and RMB 7,761 for non-private consumers or used for operation.

Likewise, if the price of the vehicle is higher than RMB 300,000 due to additional features, the customer will not be eligible for these subsidies.

(Screenshot of Tesla China website)

Deliveries of the China-made Tesla Model Y Performance will begin in the near future, the company said on Weibo.

"Welcome new owners to the Tesla family and join us in accelerating the world's transition to sustainable energy," Tesla said, without providing more information.

Tesla China price changes

DateModelPrev PriceChange (RMB)Change (%)Latest Price
20240112Model 3261,400-15,500-5.93%245,900
20240112Model 3 Long Range297,400-11,500-3.87%285,900
20240112Model Y266,400-7,500-2.82%258,900
20240112Model Y Long Range306,400-6,500-2.12%299,900
20231128Model Y Long Range304,4002,0000.66%306,400
20231121Model Y Long Range302,400 2,000 0.66%304,400
20231114Model 3259,900 1,500 0.58%261,400
20231114Model Y263,900 2,500 0.95%266,400
20231109Model 3 Long Range295,900 1,500 0.51%297,400
20231109Model Y Long Range299,900 2,500 0.83%302,400
20231027Model Y Performance349,900 14,000 4.00%363,900
20231019New Model 3NewNANA259,900
20231019New Model 3 Long RangeNewNANA295,900
20230814Model Y Long Range313,900 -14,000 -4.46%299,900
20230814Model Y Performance363,900 -14,000 -3.85%349,900
20230505Model S789,900 19,000 2.41%808,900
20230505Model S Plaid1,009,900 19,000 1.88%1,028,900
20230505Model X879,900 19,000 2.16%898,900
20230505Model X Plaid1,039,900 19,000 1.83%1,058,900
20230502Model 3229,900 2,000 0.87%231,900
20230502Model 3 Performance329,900 2,000 0.61%331,900
20230502Model Y261,900 2,000 0.76%263,900
20230502Model Y Long Range311,900 2,000 0.64%313,900
20230502Model Y Performance361,900 2,000 0.55%363,900
20230217Model Y Long Range309,900 2,000 0.65%311,900
20230217Model Y Performance359,900 2,000 0.56%361,900
20230210Model Y259,900 2,000 0.77%261,900
20230106Model 3265,900 -36,000 -13.54%229,900
20230106Model 3 Performance349,900 -20,000 -5.72%329,900
20230106Model Y288,900 -29,000 -10.04%259,900
20230106Model Y Long Range357,900 -48,000 -13.41%309,900
20230106Model Y Performance397,900 -38,000 -09.55%359,900
20230106Model SNewNANA789,900
20230106Model S PlaidNewNANA1,009,900
20230106Model XNewNANA879,900
20230106Model X PlaidNewNANA1,039,900
20221024Model 3279,900 -14,000 -5.00%265,900
20221024Model 3 Performance367,900 -18,000 -4.89%349,900
20221024Model Y316,900 -28,000 -8.84%288,900
20221024Model Y Long Range394,900 -37,000 -09.37%357,900
20221024Model Y Performance417,900 -20,000 -4.79%397,900
20220617Model Y301,840 15,060 4.99%316,900
20220617Model Y Long Range375,900 19,000 5.05%394,900
20220315Model 3265,652 14,248 5.36%279,900
20220315Model 3 Performance349,900 18,000 5.14%367,900
20220315Model Y Long Range357,900 18,000 5.03%375,900
20220315Model Y Performance397,900 20,000 5.03%417,900
20220310Model 3 Performance339,900 10,000 2.94%349,900
20220310Model Y Long Range347,900 10,000 2.87%357,900
20220310Model Y Performance387,900 10,000 2.58%397,900
20211231Model 3255,652 10,000 3.91%265,652
20211231Model Y280,752 21,088 7.51%301,840
20211124Model 3250,900 4,752 1.89%255,652
20211124Model Y276,000 4,752 1.72%280,752
20211119Model 3235,900 15,000 6.36%250,900
20211027Model S Long Range859,990 30,000 3.49%889,990
20211027Model X Long Range909,990 30,000 3.30%939,990
20210911Model Y Performance377,900 10,000 2.65%387,900
20210804Model S Long Range829,990 30,000 3.61%859,990
20210804Model X Long Range879,990 30,000 3.41%909,990
20210730Model 3250,900 -15,000 -5.98%235,900
20210716Model S Long Range799,990 30,000 3.75%829,990
20210716Model X Long Range849,990 30,000 3.53%879,990
20210708Model YNANewNA276,000
20210508Model 3249,900 1,000 0.40%250,900
20210324Model Y Long Range339,900 8,000 2.35%347,900
20210324Model Y Performance369,900 8,000 2.16%377,900
20210101Model 3 PerformanceNewNANA339,900
20210101Model Y Long RangeNewNANA339,900
20210101Model Y PerformanceNewNANA369,900
20201001Model 3271,600 -21,700 -7.99%249,900
20201001Model 3 Long Range344,050 -34,150 -09.93%309,900