Tesla forced to slash prices in China – Reuters ...News

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Tesla forced to slash prices in China – Reuters
source : Russia Today ( News ) () 55
Cheaper EVs reportedly present stiff competition Tesla has reduced prices for its vehicles in China by up to 13.5% due to low deliveries, Reuters reported on Friday, citing the Chinese website of the US electric car maker.The prices of all versions of Tesla’s Model 3 and Model Y were reduced by between 6% and 13.5%, Reuters writes, citing its own calculations, based on prices shown on the Tesla.cn website. The US carmaker had already cut the prices of those models by up to 9% in October. Since September the company has also been offering incentives to Chinese buyers. The slump in demand has been partly attributed

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