Mark Kane
Today, Tesla applied noticeable price cuts to all versions of the Model 3 and Model Y electric cars in China, which suggests weakening demand. According to the manufacturer’s website, the prices changed by about 5-9%, depending on the version, compared to the previous prices. In the case of the Model 3, the entry-level RWD version and Performance version are both around 5% less expensive than before. The entry-level Model Y is almost 9% less expensive, due to a price cut of over 5%, which allowed to bring the price down below 300,000 CNY, which made the version eligible for local subsidies (worth an additional 4% off). As a result, the final effective cost is almost 9% lower than before. The Model Y RWD also received a no-cost Silver paint option, which in the case of all other Made-in-China (MIC) cars, would cost 8,000 CNY (black is the default no-cost in China). In addition to lowering the price of the entry-level Model Y, Tesla is also offering the silver paint, which previously cost RMB 8,000, for free in addition to the black paint. All Model 3 and other versions of the Model Y are currently only available in black paint for free. The Tesla Model Y Long Range AWD is 9% less expensive, while the Model Y Performance’s cost is almost 5% lower than before. Tesla Model 3/Model Y prices in China: Tesla Model 3 RWD (LFP): *265,900 CNY ($36,610) – down 14,000 CNY or 5.0%
https://insideevs.com/news/618161/china-tesla-cut-model3-modely-prices/