Tesla

"The stamping line equipment for Tesla's Shanghai plant was sold to them by us, which is kind of like us selling a weapon to a competitor," Li said.

For other models, including the China-made Model 3, the company has no plans to raise prices.

Tesla's US website supports the use of Bitcoin for payment. However this option is only visible to computer users with a US IP, if your IP is from another region, you will not see this option.

Tesla did not explain the reason for the Model Y price increase. Questions about whether this was related to the chip or raw materials went unanswered.

Given that China would expand domestic demand, it would be the place where Tesla would produce the most vehicles and have the most customers, he said.

While Tesla executives have denied there were plans to launch a $25,000 'Model 2,' analysts are envisioning the product's arrival.

Tesla China has denied that the company is monitoring its car owners through in-vehicle cameras, which has been hotly discussed by Chinese Internet users.

In a rare attempt to bring it closer to its owners, Tesla plans to invite some of them to visit its Shanghai Gigafactory.

Musk is Tesla and SpaceX CEO. Zach Kirkhorn is the company's Chief Finance Officer. They will maintain their respective roles.

Tesla's Shanghai Gigafactory has made content changes to a project that plans to boost production capacity for components including powertrain, die-cast integrated base plates, and motors.