Tesla Model Y

Earlier today, Tesla raised the starting price of the Model Y Long Range in China by RMB 2,000, its fifth price hike in the country in the past month.

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.

Tesla Model Y retail sales in China were down 36.39 percent in October from September, while Model 3 was up 9.33 percent.

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.

Two models of the Model Y have entered a filing catalog with radar, different style wheels, and front fog lights as options.

Tesla launched the updated Model Y in China on October 1, with minor configuration updates and unchanged pricing. Deliveries of the new Model 3 have yet to begin.