"Tesla Raises Model Y Prices Amidst Rivals' Cuts in US and China"

Tesla has increased prices for its Model Y SUV in the US and China, following incentives offered in the first quarter. This move comes as rivals like NIO and XPeng are cutting prices and offering incentives to boost demand. Analysts are concerned about Tesla's Q1 delivery figures, with expectations of a 6% drop in deliveries compared to the previous quarter. The Chinese market is particularly challenging for Tesla due to rising competition and a price war, leading to sluggish growth and margin compression.