08:39 AM EDT, 03/20/2024 (MT Newswires) -- Tesla (TSLA) plans to increase the price of its China-produced Model Y vehicles by 5,000 Chinese renminbi ($694.50) starting April 1, Reuters reported Wednesday, citing a confirmation from the company.

Tesla did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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