Hyperdrive
Tesla Offers China Buyers Further Subsidies to Boost Sales
- Customers who buy for delivery this month to get $860 subsidy
- Telsa recently cut prices, offered incentives in sales push
Inside a Tesla Inc. showroom in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Tesla Inc. is offering further incentives to Chinese customers who buy and take delivery of new cars this month, in the latest move to boost sales in the world’s biggest electric vehicle market.
Elon Musk’s EV pioneer will subsidize purchases by 6,000 yuan ($860) for Model 3 sedans and Model Y sports utility vehicles, which currently start at 265,900 yuan and 288,900 yuan respectively after government subsidies, a company representative said Wednesday.