Key Points
Tesla also said it would offer insurance subsidies in China of 8,000 yuan for Model 3 buyers..
Last month Tesla CEO Elon Musk saidfurther price cutswere a possibility, even if it squeezed their margins.. Tesla Inchas cut prices in China for its Model Y long-range and performance versions starting on Aug. 14, the company said in a notice on Monday.. The car company dropped the starting prices of both models by 14,000 yuan ($1,934.58)..
Last month Tesla CEO Elon Musk saidfurther price cutswere a possibility, even if it squeezed the automaker's margins.. Tesla has slashed prices several times in the United States, China and other markets since late last year, and increased discounts and given other incentives to reduce inventory, trying to shield itself against competition and economic uncertainty...
