Tesla cuts prices in China for the second time in three months as demand slows | CNN Business

. The electric vehicle maker cut prices for all versions of its China-made Model 3 and Model Y on Friday, according to its website. The starting price for Model 3 has been reduced by 13.5% to 229,900 yuan , while the starting price for Model Y has been slashed by 10% to 259,900 yuan , according to CNN calculations. This is the second price cut since October 24, when Tesla\n \n reduced the prices of Model 3 and Model Y by as much as 9.4%.

Overall sales in December reported by automakers fell 4% from the same month a year ago, as the world’s second largest economy slows to the weakest pace in decades. Tesla’s price cuts come days after Beijing ended a 13-year-long subsidy for electric vehicle purchases on December 31, a move that is expected to put further pressure on car demand.

Another shitty industry supporting a Dictatorship and benefiting from cheap labor, without the slightest respect for the environment but let me say ^I don't believe in the lie of the Climate Change^

Slash in America next

I think Tesla could add a gasoline generator to their new cars and maybe increase sales a lot.

Tesla had many accidents in China due to technical reasons, which led to such a result

Tesla is the next AMC and Edsel. Legacy auto makers are ramping up and new competition is coming online.

Can anyone please help me out with a few dollars? I am unfortunately homeless, I usually work odd jobs to get by but I haven't had any luck in the past few days. Anything helps. My Venmo is Ryan-Kasper-88

Well.. Toss in increasing competition and this is what you get.

Smart love. tesla has never been stronger and the ceiling for the stock remains very high.

Lol

You folks are obsessed with musk and Trump! It’s going to be awesome seeing you all be unemployed!

China is doing a little EV business of their own. Reports show Chinese manufacturers shipped $3.2 BILLION in the month of November, 70% destined for Europe. Electric passenger cars are the favorite, as China exported 852,000 electric cars in January-October, and 37,000 in Nov.

CNN was dying to connect the Tesla that went over a canyon cliff. Lol. You're such a transparent joke.

Amidst fiercet domestic competition in the EV market

The default will be spectacular

Don't think the CEO is helping their sales, though in China I don't know how many people know about him.

Tesla Stock is at 101 and still falling. Probably Musk should sell Twitter

Only took $44B spend on Twitter & $200B in wealth loss to get Elmo to shut up. Money well spent?

getsummari summarize

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