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Tesla reduces prices

December 25, 2018


Abstract : Tesla Inc has slashed prices on its Model 3 electric car in China.

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Beiijng -- Tesla Inc has slashed prices on its Model 3 electric car in China.

According to the California-based electric carmaker's Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. The starting price for a Model 3 in China now is 499,000 yuan ($72,000).

It was the third time in the past two months that Tesla adjusted its prices in China. In November, the company cut the prices of its Model X and Model S cars by 12 to 26 percent.

Tesla at the time said it was "absorbing a significant part of the tariff to help make cars more affordable for customers in China."

Source: Global Times

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Keyword: Tesla Chinese-market

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