Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.
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Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.
For details, please visit CnEVPost.
The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.
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With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.
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This is Tesla's seventh price hike in China in the past month, although each time it's for a different model.
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Tesla has raised the Model Y Long Rang's starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models.
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Over the past month, Tesla has made three price hikes in China, albeit for different models.
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The Tesla Model Y is offered in three versions in China, with the prices of the other two cheaper versions unchanged.
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The Model S Plaid price has been cut by 19 percent and the Model X Plaid price by about 21 percent compared to the prices previously displayed on Tesla's China website.
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Tesla has nearly doubled the discounts for the Model S and Model X in China from what it was previously offering, after it began a promotion for both models on July 1.
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Tesla cut the prices of two pricier versions of the Model Y by RMB 14,000 in China and started offering an RMB 8,000 insurance subsidy for the Model 3 entry-level version in inventory.
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