Tesla Shares Are Trading Lower After The Company Cut Some Model Y Prices In China
- 9 months ago
Tesla lowered the starting prices for both the Model Y Long Range and Performance variants by RMB 14,000 (approximately $1,930), as stated in a Weibo post. The base model of the Model Y standard version retained its price. Additionally, the company introduced a time-limited insurance subsidy of RMB 8,000 for inventory Model 3 rear-wheel drive vehicles, effective from Monday.