Tesla China Clarifies Model Y Price Unchanged, Misunderstanding Caused by Financing Policy Adjustment

Recent market rumors claimed that Tesla has raised prices for its Model Y, with the Long Range version increasing by RMB 18,000 and the Performance version by RMB 20,000. In response, Tesla China explicitly stated that this information is false. Currently, the official website pricing for the Model Y lineup remains unchanged. According to Tesla China sales staff, the recent change does not involve a price increase but rather the expiration of the previously offered low-interest, seven-year auto financing program called “Te You Xiang,” which ended uniformly on April 30. The maximum loan term has now reverted to 60 months. Launched on January 6 this year, the “Te You Xiang” program required a down payment as low as RMB 79,900, enabling a minimum monthly payment of RMB 2,263 for the Model Y. On May 13, Tesla China introduced a new auto financing plan named “Easy Loan” for the Model 3, Model Y, and Model Y L, valid until May 31, 2026. The new plan offers multiple options: for the five-year product, the minimum down payment is RMB 55,900, with a monthly payment of approximately RMB 2,691 at an annual interest rate of 0.99%, plus a final balloon payment of about RMB 52,700 due at maturity. Additionally, there is a five-year zero-interest option (starting from a RMB 79,900 down payment) and a five-year ultra-low-interest option (starting from a RMB 45,900 down payment, with an annual rate as low as 0.5%). Compared to the previous five-year zero-interest plan (which required a minimum RMB 79,900 down payment and RMB 3,060 monthly payments and has now ended), the new plan further reduces monthly payment pressure by lowering the required down payment and introducing a balloon payment at the end of the term.