A Tesla is displayed during the fifth China International Import Expo (CIIE) in Shanghai. Tesla slashed the prices of its Shanghai-made Model 3s and Model Ys by up to 9.4 per cent in late October. Photo: Xinhua
A Tesla is displayed during the fifth China International Import Expo (CIIE) in Shanghai. Tesla slashed the prices of its Shanghai-made Model 3s and Model Ys by up to 9.4 per cent in late October. Photo: Xinhua

Tesla offers US$859 discount to Chinese buyers to drum up sales amid a slowing economy

  • Weak sentiment is piling pressure on premium EV companies, industry insider says
  • Latest discounts come after Tesla’s Shanghai Gigafactory delivered a record 100,291 vehicles in November

A Tesla is displayed during the fifth China International Import Expo (CIIE) in Shanghai. Tesla slashed the prices of its Shanghai-made Model 3s and Model Ys by up to 9.4 per cent in late October. Photo: Xinhua
A Tesla is displayed during the fifth China International Import Expo (CIIE) in Shanghai. Tesla slashed the prices of its Shanghai-made Model 3s and Model Ys by up to 9.4 per cent in late October. Photo: Xinhua
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