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Tesla Reverses China Price Cut, Adding $2,000 to Model Y Variant

A Model Y car at the Tesla’s booth during the World Internet of Things Exposition in Wuxi, China.Source: Bloomberg
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Tesla Inc. raised the price of its Model Y Performance sport-utility vehicle by around $2,000 in China on Friday, according to its local website, reversing a reduction made only in August.

The most advanced variant of the electric SUV now costs 363,900 yuan ($49,740), up from 349,900 yuan. Tesla had cut it from 363,900 yuan to 349,900 yuan two months ago.