Tesla to raise price of China-produced Model Y vehicles from April 1

Tesla will raise the price of China-produced Model Y vehicles by 5,000 yuan (about R13,146) from April 1, the company confirmed to Reuters on Wednesday.

Tesla said prices of its Model Y vehicles will be increased by approximately €2,000 ($2,177) in some European countries effective March 22, according to a company statement on Saturday.

It announced on Friday price hikes for all Model Y cars in the US by $1,000 (about R18,928) effective on April 1.