In a Trend Reversal, Tesla Hikes EV Prices Globally
After a string of price reductions recently that lowered its profit margin to the lowest point since 2020 and created an intense price conflict, Tesla has increased pricing in its key markets for electric vehicles, including China and the United States. Last week, Tesla's website showed that the American automaker has raised the costs of its Model 3 sedan and Model Y SUV by $289 (2,000 yuan) in China, which is Tesla's biggest international market. The starting price for the Model 3 Y is currently 263,900 yuan ($38,175) in China, while that of the Model 3 is 231,900 yuan ($33,546).…