Price Hike

Over the past month, Tesla has made three price hikes in China, albeit for different models.

This is a continuation of Tesla's price hike last week, when it raised the prices of the long-range versions of the Model 3 and Model Y slightly on November 9 in China.

Prices are going up because of rising costs, and if costs go down, prices could go down, a Tesla staff said.

The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500.

Tesla will raise the prices of the long-range versions of the Model 3 and Model Y in China on Thursday, November 9, local media quoted the company as saying.

Tesla plans to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike it put on the crossover's most expensive version in the country late last month.

The Tesla Model Y is offered in three versions in China, with the prices of the other two cheaper versions unchanged.

HiPhi previewed the price hike earlier this month, saying it was because the two long-range versions accounted for a larger-than-expected share of orders.

HiPhi will raise the starting prices of two long-range versions of its HiPhi Y SUV in September, saying it's because they accounted for a larger-than-expected share of orders.

Tesla raised the prices of the entire new Model S and Model X lineup in China by about 2 percent, following price increases for the locally produced Model 3 and Model Y three days ago.