Demand for the Tesla Model Y in China remains high. With a targeted adjustment of its pricing policy, Tesla links a price increase for the Model Y Long Range with new financing offers for the entry-level version. We take a look at what is behind these measures and how they affect potential buyers.
Price Increase for the Model Y Long Range
Tesla has raised the price for the new Model Y Long Range version by ¥10,000 (around 1,980 C$/1,380 US$). It now costs ¥313,500 (approx. 62,000 C$/43,340 US$).
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Background:
- The waiting times are currently 6 to 10 weeks, indicating strong demand for this version.
- The price increase of around 3.3% suggests that Tesla does not need to attract customers here, but already records a high number of orders.
0% Financing for RWD Version
Parallel to the price increase of the Long Range model, Tesla now offers attractive financing options for the cheaper Model Y RWD.
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New Conditions:
- Option 1: 0% interest over 1 to 3 years, with a minimum down payment of ¥79,900.
- Option 2: Low interest rates starting at 1.84% over 1 to 5 years, with a lower down payment of ¥45,900.
- Monthly installments can be below ¥3,808 (approx. 750 C$/525 US$).
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Delivery Times:
- Those who order the Model Y RWD can expect delivery in 2 to 4 weeks.
Reasons for the Strategy
According to local reports, Tesla has already received around 200,000 orders for the revised Model Y. A large portion of customers seem to be opting for the Long Range version, which could imbalance production and delivery.
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Balancing Order Situation:
- With higher prices for the Long Range and financing benefits for the RWD, Tesla is apparently trying to steer buyers more towards the cheaper variant.
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Future Plans:
- Rumor has it that in 2026 an even more affordable version of the Model Y (codename "E41") will hit the market, which could further invigorate the entry-level segment.
Conclusion
With the price increase for the Long Range and the introduction of a 0% financing option for the entry-level RWD model, Tesla is responding flexibly to different demands. This way, the company keeps sales for both variants balanced and simultaneously signals that attractive options should be available for price-sensitive buyers. It remains exciting to see what further steps Tesla will take in China to expand its market position.
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