On November 14th, Red Star Capital Bureau reported that Tesla's (TSLA. US) China official website has been updated again, with an increase in the starting price of the Model 3 and Model Y rear wheel drive versions. Among them, the updated model 3 rear wheel drive has a price increase of 1500 yuan, with an adjusted price starting at 261400 yuan; The price of the Model Y rear wheel drive version has increased by 2500 yuan, with an adjusted starting price of 266400 yuan.
After this round of price adjustment, all models of the Model 3/Y series have increased in price. On October 27th, the selling price of the Model Y high-performance version was increased by 14000 yuan; On November 9th, the starting prices of the Model 3 Long Range Renewal and Model Y Long Range models increased by 1500 yuan and 2500 yuan respectively.
According to Tesla China's official website, the pick-up cycle for Model Y has been extended to 2-8 weeks, while the pick-up cycle for the updated Model 3 is 2-9 weeks. Tesla stated that the Shanghai super factory continues to supply multiple countries in Asia Pacific and Europe, and has already locked in the top sales figures in multiple markets in advance. It is not ruled out that the delivery cycle may continue to be extended.
According to official data from Tesla, the actual annual production capacity of Shanghai's super factory has expanded from 750000 vehicles/year in the second quarter to over 950000 vehicles/year in the third quarter. According to the latest production capacity standards, the Shanghai Super Factory can take off one car every thirty seconds. However, with the launch of the new versions of Model 3 and Model Y, even though the Shanghai super factory is operating at full capacity, the market still faces a shortage of supply, which is considered one of the reasons for the price increase.