Tesla cuts prices in China for Model 3, Model Y by up to 13.5%

Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December deliveries of China-made cars fell to the lowest point in five months.

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERScut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December deliveries of China-made cars fell to the lowest point in five months.

The starting price for Model 3 was cut to 229,900 yuan from 265,900 yuan, and for Model Y was lowered to 259,900 yuan from 288,900 yuan, the website showed.

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