Report: Tesla Price Cuts In China Shocked Customers
Headline from InsideEVs, on the newest of 2 developments
Interesting reports are coming from China, after Tesla applied a significant price reduction to the Made-in-China (MIC) Model 3 and Model Y electric cars.
InsideEVs's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Tesla cuts prices in China amid slump in deliveries
Headline from FOX Business ·
Newest
Report: Tesla Price Cuts In China Shocked Customers
Tesla has reportedly cut its vehicle prices in China for the second time in three months due to slow demand. Elon Musk placed big bets on expanding operations in China by cozying up to the Communist government, a gamble which seems to be going against him.
Tesla cut prices for its Model 3 and Model Y vehicles in China by 6% to 13.5% on Thursday amid a slump in deliveries, according to the company's website.
Interesting reports are coming from China, after Tesla applied a significant price reduction to the Made-in-China (MIC) Model 3 and Model Y electric cars.
Tesla consumers who purchased vehicles at the end of 2022 are protesting in China after the electronic vehicle pioneer dropped prices of two models after poor sales numbers.
Some images and clips shared around social media have people arguing about whether the people flocking to Tesla's China stores were there to buy or protest.
Videos posted on social media showed crowds at Tesla stores and delivery centers after the U.S. carmaker’s decision to slash prices for the second time in three months on Friday.
Report: Tesla Price Cuts In China Shocked Customers | Since Then
