Hyperdrive
Tesla Cuts China Prices for the Second Time in Three Days
- Carmaker discounts Model S and X in inventory by up to $9,600
- The company marked down versions of Model Y earlier this week
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Tesla Inc. made its second round of price cuts in China this week, further fueling concerns the carmaker is reigniting a price war.
The company reduced the price of Model S sedans and Model X sport utility vehicles in inventory by as much as 70,000 yuan ($9,600) to 754,900 yuan and 836,000 yuan respectively, according to a statement published on its official WeChat account on Wednesday.