Tesla Drops Model 3 Prices In China To Benefit From EV Subsidies - Roadshow

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Model 3: Now cheaper in China.

Tesla

Tesla wouldn't want to miss out on the Chinese government's generous incentives for what it calls a "new energy vehicle," so the electric carmaker made sure it will still qualify.

After China updated requirements for buyers and automakers to take advantage of the incentives late in April, Tesla's lineup was a touch too expensive. As of Thursday, Tesla went ahead and tour hạ long cut prices to meet the price ceiling, Reuters reports. Prices dropped by 10% to 271,550 yuan, or about $38,000 at current exchange rates, kynghidongduong.vn for a Model 3 Standard Range, the automaker's Chinese website shows. This new price includes the government incentives. Just a couple weeks ago, buyers faced a price of 303,550 yuan for tour du lịch hạ long the same car.