Tesla Offers Additional Discount to Chinese Buyers on Some Models

Reuters2022-12-07

(Reuters) - 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.

The move is the latest by the U.S. 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.

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Comments

  • runningjames
    2022-12-07
    runningjames
    Great to boost the sales for dec
  • Looyusooi
    2022-12-07
    Looyusooi
    Ok
  • RonnieSG
    2022-12-07
    RonnieSG
    Makes good commercial sense to increase sales since Tesla Shanghai has the lowest cost position; adding volume helps lower overall cost. This will greatly affet their competitors who are already losing money on every sales. This is also a test for Tesla to see how far their competitors can support lowering of their price and how far they can affort to lose. This will greatly reduce sales of others beside Tesla. Besides Tesla has an abundant orders from Asia Pacific, and they can ship their addtional production volumes to Asia -- as it is only a very short distance from Shanghai. Great strategy by Tesla China
  • Deonc
    2022-12-07
    Deonc
    Gois sharing
  • Agxm
    2022-12-07
    Agxm
    Discount given to Chinese only and US customer to flock to them[Cool] .
  • Guavaxf30
    2022-12-07
    Guavaxf30
    i think this is an indication of just how yhe EV companies are looking at next year's demands. Clear stocks and reduce inventories. Next thing will be to cut head count.  Both Jp Morgan and Goldman Sachs CEO's have both come out to warn recession is almost guaranteed in 2003.
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