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Tesla again goes for price cuts in China
Mint Mumbai
|August 15, 2023
Tesla Inc cut prices again in China, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.
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The automaker marked down the Long Range and Performance versions of the Model Y sport utility vehicle by 14,000 yuan ($1,900) to 299,900 yuan and 349,900 yuan, according to a post on its Weibo account. Tesla also extended an 8,000-yuan insurance subsidy for the base version of the Model 3 sedan, keeping the perk in place through the end of next month.
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