Tesla shares surged nearly 7 percent to 174 after announcing higher prices for the Model Y electric car in some European countries and the U.S. market..$72, which was also Tesla's biggest daily gain in more than a month, after the stock had already experienced two weeks of declines.。

According to Tesla's official statement, the price of each Model Y in some European countries will increase by about 2,000 euros from March 22, while the price in the United States will increase by $1,000 from April 1.。

Market analysts are cautious about the price correction's motivation, seeing it as a strategy for Tesla to boost sales this month, rather than a sign of steady demand.。

Tesla's current challenges include obstacles to Model 3 production, disruptions to production at the Berlin plant, reduced subsidies for electric vehicles and increased competition in China, its second-largest market.。Despite the challenges, analysts are bullish on Tesla's long-term growth potential in the electric vehicle and clean energy markets.。