Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs. Elon Musk's EV maker cut the...
Tesla has cut prices by nearly $2,000 across its models in China , after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles , especially against cheaper Chinese EVs. Elon Musk's EV maker cut the starting price of the revamped Model 3 in China by 14,000 yuan to 231,900 yuan , its official website showed on Sunday.
The carmaker on Friday cut U.S. prices of its Model Y, Model X and Model S vehicles by $2,000. On Saturday it slashed the price of its Full Self-Driving driver assistant software to $8,000 from $12,000 in the United States. The EV maker has been slow to refresh its aging models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world's largest auto market, are rolling out cheaper models.
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