Last Saturday local time, Tesla announced that it will raise the price of its Model Y electric vehicle in multiple European countries on March 22nd, with an increase of approximately 2000 euros. The day before, Tesla announced that it would increase the selling price of the Model Y model in the North American market by another $1000 starting from April 1st. This will be the second local price increase for Tesla Model Y within a month. On January 25th, Tesla released its financial report, which showed a year-on-year increase of 19% in revenue and a year-on-year increase of 19% in net profit last year. But compared to 2022, its revenue and profit growth has significantly slowed down, and its gross profit margin has not returned to 20%. Tesla attributed the lackluster financial report to a decrease in average vehicle prices and an increase in operating expenses driven in part by artificial intelligence and other research and development projects. Affected by the slowdown in sales growth, Tesla's stock price has continued to decline this year, with a decline of nearly 35% within the year.