On the morning of May 8, Tesla announced through its official Weibo: From now on, the upgraded version of Tesla Model 3 standard battery life will increase by RMB 1,000. This adjustment also reflects the actual situation of cost fluctuations. At the end of March, Tesla had already adjusted the price of the domestic Model Y. The standard battery life version and the long battery life version are both raised by 8,000 yuan (USD $1143) . After the price adjustment, the Model Y long battery life version is priced at 347,900 yuan (USD $49700) , and the Performance high-performance version is priced at 377,900 yuan (USD $53986) . At that time, Tesla stated that the price adjustment was mainly affected by rising manufacturing costs.