Post #150703

Tesla hikes prices in U.S., China, Japan and Canada Tesla Inc (TSLA.O) has raised prices for its Model Y and Model 3 variants by the equivalent of about $300 in the United States, China, Japan and Canada, after having slashed prices on its top selling vehicles since the start of the year. The U.S. automaker has raised the starting price point on the Model Y and Model 3 electric vehicles in the U.S. by $250, its website showed - the second time in less than two weeks, after multiple price increases in the past. In China, Elon Musk-led Tesla raised the price for variants by 2,000 yuan ($289.39), the website showed. The move comes after the company posted its lowest quarterly gross margin in two years and missed market estimates after aggressively cutting prices to spur demand and fend off rising competition. read more