Tesla Model 3 Gets Price Drop in China

While Tesla has been known to change its pricing from time to time, price drops are a welcomed occurrence for every prospective buyer – and the newest price drop could stand to benefit Tesla fans in China.

Tesla has reduced the price of the Standard Range Model 3 in China according to its online order configurator, with the car is now being listed for RMB 235,900 ($36,371 USD) after subsidies.

The move is a price drop of RMB 15,000 ($2,321 USD), causing some analysts to speculate as to whether the company might be gearing up to release the highly-coveted Long Range variant of the electric sedan.

According to data from the China Passenger Car Association (CPCA), Tesla sold a total of 33,155 cars in China in June, despite ongoing and growing competition from local automakers within the country, like Xpeng Motors, NIO, and Li Auto, among others.

Recently, a Tesla Model 3 was seen evading China floodwaters, even as other cars parked nearby seemed to be stuck – and perhaps even ruined by the waters, which have ravaged many parts of the country in recent weeks.

In other parts of the world, such as the U.S., demand for the Model 3 is so high that deliveries are reaching out into September.