- Tesla China is offering 5,000 yuan discounts on inventory Model 3 vehicles and 10,000 yuan discounts on Model Y vehicles through the end of September.
- The promotions follow falling deliveries in China and underscore pressure on Tesla’s Shanghai output and demand in the world’s largest EV market.
- A Shanghai consultancy analyst said the discounts risk triggering another round of EV price competition amid weak consumer demand.
Quotes
“The discounts it is offering this time are likely to trigger a fresh round of price competition amid weak consumer demand.”