Tesla cuts Model S, X prices by over 6% in China

Tesla cuts Model S, X prices by over 6% in China: For its existing stocks of Model S and Model X vehicles in China, Tesla has reduced prices by roughly 7%.

The industry titan for electric vehicles said as much on Wednesday, August 16.

A Tesla post on the Chinese social media site Weibo revealed that the Model S’s pricing has decreased by 6.7% to slightly under $103,500.

It used to be accessible for about $111,000 in price.

Read also: Whoopee for all-electric vehicles?

The Model X, another high-end model, now has a starting price of roughly $114,700, down 6.9% from before.

Just a few days earlier, Tesla announced another round of pricing reductions in China.

The cost of the performance and long-range versions of the Model Y was decreased by the automaker on Monday.

This raised questions about its profit margins among market observers.

The actions follow a nearly third drop in sales of China-built Tesla automobiles from June to July.

It was the first monthly decline for the automaker since December.

To get ready for the launch of a redesigned Model 3, Tesla temporarily halted certain production.

In contrast to competitor BYD, July’s figures were low.

Sales increased last month for the Chinese automaker.

Over 2% of Tesla stock was down early on Wednesday.

Read also: On a 19-day road trip, a Tesla owner camped out in his Model S and spent almost every night there.

0 thoughts on “Tesla cuts Model S, X prices by over 6% in China”

Leave a Comment