Maybe start buying at 214
The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website.
Hours earlier, Tesla told Reuters it will suspend most production at its Model Y plant near Berlin from Jan. 29 to Feb. 11, as suppliers shift transport routes in response to attacks on vessels in the Red Sea.
Tesla fell as much as 3.4% before the start of regular trading Friday, putting the shares on course for an 11th decline in 12 sessions. The stock slumped Thursday after Hertz Global Holdings Inc. announced plans to sell off a third of its US electric-vehicle fleet.
Tesla Inc. shares dropped in early trading after the carmaker cut prices again in China and said its lone European factory will be disrupted by attacks in the Red Sea.
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