Moreover, the Model Y’s single car profit is higher. In the Chinese market, the starting price of the Model Y is 316,900 yuan, and the Model 3 is priced at only 279,900 yuan after subsidies. The price of the Model Y in China is 3.7 more than the Model 3. million.
In addition, Tesla’s Shanghai plant has also optimized the production capacity of Model Y in order to produce more Model Y models. According to the official introduction, the Shanghai Super Factory began to implement the transformation plan in July, and the second-phase production line responsible for the production of Model Y was completed on July 16.
According to reports, after completing the production line upgrade, Tesla’s Shanghai Gigafactory is expected to produce 14,000 Model Ys and about 7,700 Model 3s per week; that is to say, the production capacity of Model Y is nearly double that of Model 3.