Thursday, March 20, 2025

Amidst crisis, Tesla raises the price of Model Y

In the most important car market in the world – namely the largest in China – Tesla is now raising the price of the new Model Y. In return, there is 0 percent interest.

If you ask Tesla management, they probably don't think their falling sales and share price are a sign of a crisis. Because now the price of the Model Y is rising.

At least in the brand's most important market – China.

Specifically, the brand is raising the price by the equivalent of 3.29 percent. This means that the Model Y Long Range now costs from 297,000 kroner in the country.

However, it is still a good bit cheaper than the prices here, where a Model Y in that trim cannot be obtained for less than 359,990 kroner.

However, Tesla is lowering the interest rate on the cheaper rear-wheel drive model, so that there is now effectively no interest for 3 years. To qualify for such a car loan, Chinese Tesla owners must make a down payment of at least DKK 75,000.

This is what Cnewpost writes.

Presumably, Tesla has the idea that the different prices can create a kind of balance between the different versions of the new Y on the assembly line.

Customers who order the cheaper version will have to wait 2-4 weeks for their car, while customers who want the more expensive version with four-wheel drive will have to wait somewhere between 6 and 10 weeks for delivery.

Here in Denmark, Tesla is not so fast. And yet. The cheapest version of the new Model Y is expected to be delivered between May and June. While the very expensive one – Long Range with four-wheel drive – can be delivered as early as this month.

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