Tesla Car Price: Tesla had already cut prices last year to increase sales of electric cars. Strong competition is going on in both the affordable and expensive electric car segments in China. In such a situation, Tesla has once again reduced the prices of Model 3 and Model Y.
Tesla China News: American electric car maker Tesla in the Chinese market Model S sedan and Model X Like have introduced expensive electric cars. With these two cars, the company is the world’s largest EV market Wants to have a good hold on the premium segment of. there, on the other side Elon Musk The auto company owned by has once again cut the prices of electric cars in China. Next we will see why Tesla is forced to sell cars in China at less than 40 per cent price.
According to Tesla’s Chinese website, the starting price of the Model Y sports utility vehicle (SUV), made in China, has come down from 288,900 yuan (about Rs 34 lakh) to 259,900 yuan (about Rs 31 lakh). This is a record price cut by the company in China. The Model Y price in China is 43 per cent cheaper than the starting price of Rs 65,900 (around Rs 54 lakh) listed on the US website.
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Talking about the price of Model 3, its price in China has come down from 265,900 yuan (about 32 lakh) to 229,900 yuan (about 27.6 lakh). In China, this car is getting 30 percent cheaper than in America. Tesla had also cut prices last year to increase sales. However, apart from Chinese companies like Warren Buffet’s BYD, Xpeng and Nio, international brands like Porsche and Mercedes Benz are giving tough competition to Tesla.
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Tesla has introduced the Model S with a newly designed interior in the Chinese market at a price of 789,900 yuan. At the same time, Tesla’s fastest car Plaid version will be sold at a price of 10.1 lakh yuan. This car can run from zero to 100 kilometers per hour in 2.1 seconds. The price of the Model X SUV in China starts from 879,900 yuan, while the Model X Plaid starts at 10.4 lakh yuan.
Tesla shares fell
Tesla has shipped more than 710,000 vehicles from Shanghai in 2022, which is about 54% of its sales worldwide. But deliveries slowed down in December as production was halted due to equipment upgrades and lack of demand. Tesla announced earlier this week that global deliveries were lower than expected for the third quarter. At the same time, its share price fell by 12% on Tuesday.
