Tesla Prices Longer-Range Model 3 to Attract More China Buyers [Yahoo! Finance News]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance News
) -- Tesla Inc. set a price for its longer-range variant of its locally-built Model 3 sedans in China just 13% higher than its entry-level model, a sign that the carmaker is setting competitive prices in order to attract even more consumers in the world’s largest electric vehicle market.The four-door vehicle sells for 366,550 yuan $52,000) before rebates, according to Tesla’s website, and is designed to have a range of about 668 kilometers 415 miles) on one charge. That compares with about 450 kilometers for the current basic version that starts at 323,800 yuan.After subsidies from the Chinese government and qualifying for exemption from purchase tax, the price of the upgraded Model 3 variant starts at 339,050 yuan. By comparison, the imported equivalent was priced at 439,900 yuan. The longer-range Model 3s are set to be delivered from June.The longer-range electric model could help Tesla fend off competition from other global automakers, including Volkswagen AG and BMW AG and local r
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