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.

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