Tesla Cuts Prices of Premium Models by More Than 4.5% in China
- Carmaker earlier paid cash subsidies to some purchasers
- Tesla is forecast to say China car sales rose 6% last quarter
Customers at a Tesla showroom in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Tesla Inc. is reducing the prices of its premium car models in China by more than 4.5%, following a decision to hand out cash subsidies to some buyers of its Model 3 vehicles last month.
All variants of the Model S and Model X cars will be lowered by 35,000 yuan ($4,825) to 45,000 yuan, according to the automaker’s local website. The starting price of the Model S will be reduced to 773,900 yuan, and the Model X to 988,900 yuan, based on the website.