TSLA - Tesla Aggressively Cuts Prices Ahead Of Q1 Report: EV Maker Lowers Model 3 Y Prices In China By Up To 6% Cuts US FSD Price By $4K | Benzinga
Tesla, Inc. (NASDAQ:TSLA) announced over the weekend a reduction in all trim levels of electric vehicles it sells in China. The move follows a round of price cuts in its U.S. market. The company also reduced the price of its full self-driving software in the U.S.
What Happened: The most recent price cuts in China range between 4% and 6%, according to CnEVPost. The price cuts for the China-made Model 3 and Y are as follows:
Trims New Pricing Old Pricing % reduction
Rear-wheel drive Model 3 231,900 Yuan ($32,030) 245,900 yuan 5.69%
Dual-motor, all-wheel drive Model 3 Long Range 271,900 yuan 285,900 yuan 4.89%
RWD Model Model Y 249,000 yuan 263,900 yuan 5.31%
Dual-motor, AWD Model Y Long Range 290,900 yuan 304,900 yuan 4.59%
Dual-motor, AWD Model Y Performance 354,900 yuan 368,900 yuan 3.80%
The company also tinkered with the prices of the high-end Model S and X EVs, which are imported from the U.S.
Trims New Pricing Old Pricing % reduction
Dual-motor, all-wheel drive ...