Home Industry Automotive Tesla raises prices of S, X Models by $2,750 in China The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively by Bloomberg May 6, 2023 Tesla raised the prices of its premium models in China, following a small increase in the cost of its top-selling Model 3 and Model Y earlier in the week. All variants of the Model S sedan and Model X sports utility vehicle were raised CNY19,000 ($2,750), according to the automaker’s website. Those vehicles now start at CNY808,900 and CNY898,900, respectively. The move, together with $250 bumps in its more popular models and price hikes for the S and the X in the US last month, mark a reversal from several rounds of aggressive cuts earlier in the year, which saw the company post its lowest automotive gross profit margin in almost three years in the first quarter. However, tweaking the prices of its higher-end vehicles is less meaningful to Tesla’s bottom line than adjusting the cost of the Model 3 or Y, with Musk having said the two premium models are “of minor importance” to Tesla’s future. Read: Tesla Model 3 cars to join Arabia Taxi fleet in Dubai Tags automotive China Tesla 0 Comments You might also like China bans export of rare earths processing tech over national security Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards India’s economy follows China to reach rapid take off: Kemp Insights: Why it’s time to drive decarbonisation across the auto industry