Sawyer Merrit found that Tesla Model Y and Model 3 started a round of price cuts in the US market starting in December, with a range of up to $3,750, equivalent to about 26,400 CNY.
Of course, there is a premise for this “price reduction”: users must pre-order the car by the end of 2022, so some users think it is a stock car.
Although Tesla has often lowered prices in China before, this is the first time Tesla has lowered prices in the United States in a long time, and even if it is only temporary, it will attract a large number of users.
Foreign media believe that this may be affected by the current high-intensity competition in China’s electric vehicle market. Many predict Tesla will either be forced to cut prices or introduce new models in the coming years as the electric vehicle market continues to grow.
While Musk hasn’t said when the company will launch that cheaper EV, it’s clear the market will force him to make a choice soon.
On October 24, Tesla announced that the price of Model 3 and Model Y in the Chinese market will be reduced. After the price reduction, Model 3 will start at 265,900 CNY after subsidy, and the whole series will drop between 14,000 and 18,000 CNY; Model Y will sell for 288,900 CNY after subsidies. 10,000 CNY, the decline of the whole series is between 20,000 and 37,000 CNY.
Tesla launched the second price cut in China on November 8th. Model 3 and Model Y existing car orders are purchased from November 8th (inclusive) to November 30th (inclusive). Buy existing cars and cooperate with insurance agencies If the car insurance combination is completed and the car is picked up on time, the final payment can be reduced by 8,000 CNY; from December 1 (inclusive) to December 31 (inclusive), the final payment can be reduced by 4,000 CNY.
