Benzinga

Tesla Slashes China EV Prices By 5% To Push Up Volume, Base Model Y Now Eligible For Subsidies — But There's A Flip Side

• Tesla Inc(NASDAQ:   TSLA) is cutting prices for its Giga Shanghai-made cars by about 5%, reversing the price hikes announced earlier this year.

• Made-in-China basic Model 3 price is now listed at 265,900 yuan ($36,663) on Tesla's Chinese website, effective Monday. This marks a decrease from the previously-listed price of 279,900 yuan.

• The starting price of the Model Y SUV is reduced from 316,900 yuan to 288,900 yuan.

Rolls-Royce Goes Full Electric - More Than 300 Orders For Its...