Tesla offers additional discount to Chinese buyers on some models

  • The latest Tesla discounts comes in addition to a previously announced 4,000 yuan insurance subsidy.
Tesla Model 3
Tesla Model 3

Tesla is offering a limited time discount of 6,000 yuan ($859.20) to Chinese buyers on some models from Wednesday through to the end of 2022, a company representative said on Wednesday.

This comes in addition to a previously announced 4,000 yuan insurance subsidy, but is only applicable for customers buying a current car model and completing delivery by the end of December. Local media outlet Wallstreetcn first reported the discount.

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The move is the latest by the US automaker to adjust its prices in China. The company has cut prices for Model 3 and Model Y cars by up to 9% in China, in addition to the insurance incentives, as its Shanghai plant grapples with elevated inventory levels amid slowing demand in China's auto market.

These steps helped the Shanghai factory deliver 100,291 China-made electric vehicles (EVs) in November, up 40% from October and the highest monthly sales since it opened in late 2020.

First Published Date: 07 Dec 2022, 14:42 PM IST
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