Tesla has announced a price drop for the Model 3 and Model Y in Mainland China.
According to Tesla on Weibo, the company said (via Google Translate), “From now on, the price of Model 3 and Model Y sold by Tesla in mainland China will be adjusted. After the adjustment, the starting price of the Model 3 model is 265,900 yuan,” which works out to $36,707.25 USD.
The new prices in China are as follows, according to Tesla (with conversion to USD for reference):
BREAKING: Tesla Model 3 and Model Y prices for sale in mainland China have been reduced.
Model 3, ¥265,900, down 14,000 yuan.
Model 3 Performance, ¥349,900, down 18,000 yuan.
Model Y, ¥288,900, down 28,000 yuan.
Model Y Performance, ¥397,900, a reduction of $20,000. pic.twitter.com/csc1cfhLxk
— Yan Chang (@cyfoxcat) October 24, 2022
“Tesla adheres to the principle of openness and transparency in prices, and will continue to bring you better products and experiences,” said Tesla China.
Tesla estimated delivery dates have improved recently in China, and in North America. The company also has numerous new 2023 Model 3 and Model Y vehicles available for immediate purchase in existing inventory. Once Giga Texas and Giga Berlin ramp up production, there may be a chance for a price drop like we’re seeing from Giga Shanghai. But Tesla continues to deal with inflation and supply chain headwinds, like the rest of the auto industry, but Elon Musk’s company has adapted much better.
…developing, refresh for updates
