Tesla pulls a slick sales move in China, lowers Model 3 price to fit new subsidy limit

Tesla pulls a slick sales move in China, lowers Model 3 price to fit new subsidy limit

4 years ago
Anonymous $9CO2RSACsf

https://thenextweb.com/shift/2020/05/01/tesla-pulls-a-slick-sales-move-in-china-lowers-model-3-price-to-fit-new-subsidy-limit/

Tesla has just dropped the price of its Model 3 in China so that it continues to be eligible for subsidy money. The news comes days after the Chinese government announced that it was reducing subsidies.

The electric vehicle company announced the move earlier today, Reuters reports. Previously the standard Tesla Model 3 cost 323,800 yuan ($45,800), but with a 10% price reduction and a 20,250 yuan ($2,900) subsidy, it now costs 271,550 yuan ($38,463).

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