Tesla's Model Y price has been increasing since March 1, and the price of the Model 3 was just raised six days ago

Tencent Auto News reported on February 11 that according to Tesla's U.S. website, the company will increase the price of Model Y rear-wheel drive (RWD) and long-range all-wheel drive (AWD) by at least $1,000, effective on March 1.

Previously, Tesla had announced a price increase on February 4. The company raised the Model 3 Long Range (Refreshed) by $1,000 from $45,990 to $46,990, the first price increase this year.

Tesla's recently released financial report shows that last year's revenue increased by 19% year-on-year, and net profit increased by 19% year-on-year. However, compared with 2022, its revenue and profit growth has slowed down significantly, and its gross profit margin has not returned to 20%. Tesla, for its part, blamed the "discoloration" in its earnings report on the lower average selling price of vehicles and "an increase in operating expenses driven in part by artificial intelligence and other R&D projects."

On February 8, the Passenger Car Market Information Association released data showing that Tesla's sales in the Chinese market reached 71,400 units in January this year, a year-on-year increase of 8%.

Among them, the Model 3 delivered 29,500 units, a year-on-year increase of 18%, becoming the champion of luxury car delivery in January, and the Model Y delivered 41,800 units, becoming the champion of luxury model delivery in January.

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Tesla's U.S. Model 3 long-range model has increased in price by $1,000