Tesla has raised the pricing for certain electric vehicle models in China. The company’s official Chinese website has revealed that the pricing for the rear wheel drive variant of the Model 3 and Model Y has been increased.
Looking at the reformed prices, the Model 3’s rear wheel drive variant now costs around 265,652 Yuan (roughly 42,000 US Dollars), which marks an increase of 10,000 Yuan (roughly 1,575 US Dollars) over the original price. On the other hand, the price of the rear wheel drive version of the Model Y has also been raised to 301,840 Yuan (roughly 47,560 US Dollars), which is around 21,000 Yuan (roughly 3,320 US Dollars) higher than the previous price tag.
For those unaware, the rear wheel drive versions are also the base variant of both EV models. Talking about the Model Y, it offers a 545 kilometer range on a single full charge and has a top speed of 217 km/h. It can even accelerate from 0 to 100 km/h in just 6.9 seconds. On the other hand, the American automobile giant’s Model 3 offers a top speed of 225 km/h, with a maximum range of 556 kilometers on a single full charge. It can go 0 to 100 km/h in just 6.1 seconds.
Unfortunately, the official reason for the price hike is unknown as of right now. Although, it might be due to the ongoing chip shortage issue that has impacted various industries across the globe, including automobiles. Rising chip costs due to the growing demand for semiconductors have caused chipmakers to raise the prices as well. Other materials and parts shortages or components supply constraints might also be a factor. However, this is just speculation at the moment so take it with a pinch of salt.
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