Tesla boosts prices of some Model Y in China by 2,000 yuan. second time since January
Alexander Lyakhovskiy

After raising the price of the performance version of Model Y in the United States by $1,000 on Tuesday, EV giant Tesla (NASDAQ:TSLA) raised prices of performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China, as per its Chinese website on Friday.
The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) for Model Y Long Range Edition and 361,900 yuan ($52,600) for Model Y Performance Edition.
The automaker has raised prices in China for second time since price cuts of all Model 3 and Model Y cars by 6%-14% in early January.
The performance version of the Model Y is still about 9% cheaper before the price cuts, while the long-range version is about 13% cheaper.
On Tuesday, the company also announced cutting the price of the rear-wheel drive Model 3 sedan by $500 in the U.S.
The company had witnessed rise in demand due to price cut for which it announced to boost output at its Shanghai plant in February and March, reported Reuters.
On Thursday, TSLA announced to recall +360K vehicles in the U.S. citing some issue with full self-driving beta software.
For more bullish stance on Tesla, see why SA contributor Riyado Sofian says, "Tesla stock is a great long-term buy, laying the plan towards a $10 trillion market cap."
Meanwhile, in Friday's premarket session, TSLA is fractionally down, but shares are up about 87% so far this year. Stock has massively outperformed the broader market index: