Caixin
Oct 25, 2022 06:13 AM
BUSINESS

Tesla Cuts Prices in China After Signs of Softening Demand

Tesla delivered a record 83,135 cars in China last month, including 5,522 for export
Tesla delivered a record 83,135 cars in China last month, including 5,522 for export

(Bloomberg) — Tesla Inc. lowered prices across its lineup in China aiming to stoke demand in a market where competitive and economic pressures are intensifying.

The carmaker cut the cost of the cheapest locally built Model 3 sedan by 5% to 265,900 yuan ($36,774), Tesla’s website showed Monday. The company dropped the starting price of the Model Y SUV by 8.8% to 288,900 yuan.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code