Tesla cuts Model 3 prices in China

By John Mac, December 24, 2018

Tesla Inc has cut prices on its product 3 electric-car in China. According to the California-based electrical vehicle manufacturer’s Chinese site, charges of selected type 3 autos were trimmed by up to 7.6 per cent. The starting price for AModel 3 in China now is 499,000 yuan ($72,000).

Tesla during the time claimed that it had been “consuming a substantial part of the tariff to help make cars more affordable for customers in China”.

Previously this month Tesla cut-prices on its type T and design X following China’s finance ministry said that it could suspend extra tariffs on U.S.-made motor automobiles and automobile components for 2 months out of January, lowering the cost of importing U.S.-produced Tesla cars into China available on sale.

This had been the third time within the last two months that Tesla has adjusted its own prices from China. In November, the company reduces the values of its product X and type S cars and trucks by 12 to 26 percent.