Tesla said to be mulling cutting price of Model 3 cars made in China
Tesla aims to cut costs by using more local parts, allowing it to import fewer components and avoid tariffs, people familiar with plans say
18 December 2019 - 11:48
Shanghai/Beijing — Tesla is considering cutting the price of its China-built Model 3 sedans by 20% or more in 2020, people familiar with the plans said, betting the move will lure buyers as the world’s biggest electric-vehicle (EV) market slows.
Tesla aims to bring down costs by using more local components, allowing it to import fewer parts and avoid tariffs, the people said, asking not to be identified as the matter isn’t public. Prices of the cars, which will be built in Tesla’s new Shanghai factory and start at 355,800 yuan ($50,800), will probably be lowered from the second half of 2020, they said...
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