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Tesla Cuts Model 3 Prices in Japan By as Much as 24%

  • Long-range version of EV sedan now less than 5 million yen
  • Tesla building its presence to boost feeble sales in Japan
Updated on

Tesla Inc. slashed prices for its Model 3 in Japan, part of a wider effort to build its presence and spur demand in a market that has seemed largely impenetrable for the electric vehicle maker.

The base price of the standard model was cut to 4.29 million yen ($40,500) from 5.11 million yen on Thursday, while the long-range version saw an even steeper drop of 1.56 million yen to 4.99 million yen. The performance sedan remained at 7.17 million yen.