Tesla to raise price of China-produced Model Y vehicles

Tesla will raise the price of China-produced Model Y vehicles by 5,000 yuan ($694.55) from April 1, the company confirmed to Reuters on Wednesday, Report informs.

Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday. It had announced on Friday price hikes for all Model Y cars in the US by $1,000 effective April 1.