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Tesla cuts prices for some Model Y versions in China
Financial Express Mumbai
|August 15, 2023
TESLA ON MONDAY said it has cut prices in China for its Model Y long-range and performance versions starting on August 14, sending its shares lower on concern of further pressure on its profit margins.
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The electric-car company reduced the starting prices of both models by 14,000 yuan ($1,934.58). The Model Y Long Range's starting price drops 4.5% to 299,900 yuan and the starting price of the Model Y Performance is now 349,900 yuan, down 3.8%.
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