Morning rush-hour traffic in Beijing. The Tesla price cuts came after middle-class mainland consumers became worried about job prospects and wages in late 2022 and started drifting towards cheaper car models. Photo: Xinhua
Morning rush-hour traffic in Beijing. The Tesla price cuts came after middle-class mainland consumers became worried about job prospects and wages in late 2022 and started drifting towards cheaper car models. Photo: Xinhua

Tesla’s China price cuts squeeze used-car dealers, but interest in second-hand Model 3s and Model Ys rises

  • Some dealers have had to offer markdowns of up to 40,000 yuan (US$5,971) on second-hand Model 3s
  • Number of queries about the availability of used Teslas jumped last week, Shanghai second-hand car dealer says

Morning rush-hour traffic in Beijing. The Tesla price cuts came after middle-class mainland consumers became worried about job prospects and wages in late 2022 and started drifting towards cheaper car models. Photo: Xinhua
Morning rush-hour traffic in Beijing. The Tesla price cuts came after middle-class mainland consumers became worried about job prospects and wages in late 2022 and started drifting towards cheaper car models. Photo: Xinhua
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