To cope with declining sales? Tesla China reduces the price of Model 3 by 3.7% to 259,500 yuan
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Tesla announced on its official website in China that the price of the Model 3 rear-wheel drive version has been reduced by 3.7%, with the new price set at 259,500 RMB (approximately 36,278.99 USD). This price reduction aims to address declining sales, and Tesla stated that the current sales policy will still apply after the price cut, with unfulfilled orders automatically enjoying the new price. Sales data for Tesla in the Chinese market shows that wholesale sales have decreased by 14.6% year-on-year, while retail sales have dropped by 5.4%
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