Hyperdrive
Tesla Offers China Incentives to Boost Sales as EV Growth Slows
A Tesla showroom in Beijing.
Source: /BloombergThis article is for subscribers only.
Tesla Inc. rolled out a number of incentives to boost sales in China, where it is coming under increased pressure from local rivals such as BYD Co.
Customers placing orders for a rear-wheel drive Model 3 sedan or Model Y sport utility that are in stock for delivery by the end of March can get an insurance subsidy of as much as 8,000 yuan ($1,030), the US automaker said in a post on Weibo on Friday. It will also offer preferential financing plans and discounts on some optional paint colors.