Tesla is cutting prices in China so the Model 3 qualifies for subsidies [CNNMoney.com]
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Source: CNNMoney.com
Tesla is cutting prices in China so the Model 3 qualifies for subsidies Hong Kong (CNN Business) Tesla ( TSLA ) is once again cutting the price of its China-built Model 3s so that it can qualify for government incentives that are meant to encourage people to buy cars again. A Model 3 now sells for a base price of 291,800 yuan ($41,318) before the subsidy is taken into account — 10% cheaper than before, the electric carmaker said Friday on Weibo . With the subsidy, the cost comes to 271,550 yuan ($38,451). Tesla had to sell the car for less than 300,000 yuan in order to qualify for the government-funded discount, the company said in a statement . Tesla just cut the price of Model 3 cars made in China The Chinese government said in March that it would extend subsidies for new energy vehicles, such as electric or plug-in hybrid cars, as the coronavirus pandemic crushed demand in the world's largest car market. Before the outbreak, the governm
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