<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> has announced a price cut for the long-range version of the Model 3 sedan in China amid lackluster global sales.</p><h2>Tesla Model 3 LR Now Cheaper</h2><p>The Model 3 Long Range is now available in China for RMB 259,500, or approximately $36,391, down from its original price of RMB 269,500, or $37,793, as shown on the official Tesla website on Sunday.</p><p>The discount illustrates a 3.7% reduction in the price of the Model 3 Long Range. It's also worth noting that Tesla offers Supervised FSD, or Full Self-Driving, with the vehicle for an additional RMB 64,000.</p><p><em>Source: Tesla China</em></p><h2>Tesla's Lackluster Sales In China, Overseas</h2><p>The price cut comes as Tesla's sales have plummeted in multiple markets this year. Most recently, the company recorded a 27% YoY drop in sales in the Chinese market.</p><p>Tesla's total sales in the European market also dropped steeply, recording a 40.2% decline in sales, registering 8,837 units in July. In contrast, Tesla's Chinese rival <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> recorded a 225% sales surge in the region during the same period.</p><h2>Tesla's Other Offers, Cybertruck's Surprise Hike</h2><p>Meanwhile, Tesla has also announced discounts on its lineup outside of China. The company is offering over 40% discounts to its leasing partners in the UK, which could translate to lower monthly payments for customers. Tesla is also offering $0 down leases on its used EVs in the U.S.</p><p>However, in a surprising move, the company has hiked the price of the range-topping Cyberbeast trim of the Cybertruck by $15,000. It now retails for $114,990 in the U.S., offering free FSD and unlimited access to Tesla's Supercharger network.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Elon Musk’s Tesla Launches 6-Seater Model Y L In China At $47K Amid Global Sales Slump</li> </ul><p><em>Photo courtesy: VTT Studio / Shutterstock.com</em></p></div></div></div>

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<p>Tesla Inc. has reduced the price of the Model 3 Long Range in China to RMB 259,500 ($36,391), a 3.7% decrease, amid declining global sales. The company reported a 27% year-over-year drop in sales in China and a 40.2% decline in Europe. Additionally, Tesla is offering significant discounts on leasing in the UK and $0 down leases for used EVs in the U.S. However, the price of the Cybertruck's top trim has increased by $15,000 to $114,990.</p>

- Tesla Inc. has reduced the price of the Model 3 Long Range in China to RMB 259,500, reflecting a 3.7% decrease amid declining global sales.  
- The price cut follows a 27% year-over-year drop in sales in China and a 40.2% decline in Europe, contrasting with a 225% sales increase for rival BYD.  
- Additionally, Tesla is offering significant discounts on leasing in the UK while increasing the price of the Cybertruck's top trim by $15,000.  

Tesla Slashes Price For Model 3 Long Range RWD In China Amid Poor Global Sales