26 Mar, 2023
Marked down Tesla vehicles spark China price war
Elon MuskTesla Inc.Price change0 Comments
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Michael Cavalli
Michael Cavalli2023-03-28 01:18:202023-03-28 01:28:15Marked down Tesla vehicles spark China price warTesla marks down its prices, causing a price war in China, by selling vehicles there for as much as 50% less than what they cost in Europe and the United States. The Tesla Model 3 sedan and the Model Y crossover are both manufactured at a plant just outside Shanghai. The massive markdown is forcing rival vehicle manufacturers to slash prices also, in an effort to maintain sales.
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