Tesla increases prices of some China-made vehicles by about 5%

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Reuters

BEIJING (Reuters) – Tesla Inc raised prices by about 5% on Tuesday for some of its China-made Model 3 and Model Y products, the website of the U.S. electric vehicle maker showed, in its second such hike in five days. Tesla declined to comment on the hikes. After the price increases, the Model Y Long Range vehicle costs 375,900 yuan ($58,952.68), up 18,000 yuan from March 10, when its price went up 10,000 yuan from 347,900 yuan. The price tag of the Model 3 Performance unit was 367,900 yuan after Tuesday’s increase of 18,000 yuan, which followed an increase of 10,000 yuan five days ago. Last we…

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