Tesla launched a New Year’s promo in China for Model 3 and Model Y, and now more purchase incentives are coming in the form of a price drop on entry models.
The electric automaker has lowered the price of Model 3 RWD and Model Y RWD, to match the recent end of New Energy Vehicle (NEV) subsidies by the Chinese government that ended on December 31, 2022.
The federal subsidies were 11,088 yuan ($1,607 USD) in 2022 and now Tesla has applied a near equivalent discount to the Model 3 and Model Y of 10,000 yuan ($1,550 USD) off, a combination of a 4,000 yuan insurance and 6,000 yuan delivery subsidies (via @Tslachan):
- Model 3 RWD: 255,900 yuan
- Model Y RWD: 278,000 yuan
Back in November, reports claimed Tesla was set to cut prices in China, which the automaker denied. Now we’re seeing price cuts to kick off 2023, aimed at spurring more sales.
Tesla is expected to announce its Q4 and full-year 2022 production and delivery numbers on Monday morning. You can see a summary of estimates from Wall Street analysts and others below, compiled by Mathias Føns:
Other articles in the category: Model 3
Tesla Now Resets Forward Collision Warning to Medium After Each Drive in 2023.6
In the latest 2023.6 software update rollout, Tesla has introduced a change to its Forward Collision Warning system, which now automatically resets the warning sensitivity to the default Medium setting at the start of each drive. The system provides visual, audible, and haptic feedback warnings, which are canceled automatically when the risk of a collision […]
Tesla Exploited at Pwn2Own 2023, Hackers Win $100,000 and Model 3 [Update]
Back in January the Pwn2Own security conference announced Tesla would be a sponsor again for 2023. The conference offers cash prizes for white hat hackers to demonstrate live exploits, allowing companies such as Tesla to learn more about beefing up their software and hardware security. This year saw the addition of the Steam VM Escape category […]
Tesla Launches Extended Warranty for Model 3 and Model Y from $1,800
Tesla has debuted an extended warranty option on its Model 3 and Model Y units, with the latter coming at a price of $2,000 and covering the vehicles for two years and 25,000 miles, whichever comes first, spotted by @BLKMDL3 on Tesla’s website. The Model 3 extended warranty option comes at $1,800 USD, while the […]