Tesla, Inc. TSLA announced over the weekend a reduction in all trim levels of electric vehicles it sells in China. The move follows a round of price cuts in its U.S. market. The company also reduced the price of its full self-driving software in the U.S.
What Happened: The most recent price cuts in China range between 4% and 6%, according to CnEVPost. The price cuts for the China-made Model 3 and Y are as follows:
| Trims | New Pricing | Old Pricing | % reduction |
| Rear-wheel drive Model 3 | 231,900 Yuan ($32,030) | 245,900 yuan | 5.69% |
| Dual-motor, all-wheel drive Model 3 Long Range | 271,900 yuan | 285,900 yuan | 4.89% |
| RWD Model Model Y | 249,000 yuan | 263,900 yuan | 5.31% |
| Dual-motor, AWD Model Y Long Range | 290,900 yuan | 304,900 yuan | 4.59% |
| Dual-motor, AWD Model Y Performance | 354,900 yuan | 368,900 yuan | 3.80% |
The company also tinkered with the prices of the high-end Model S and X EVs, which are imported from the U.S.
| Trims | New Pricing | Old Pricing | % reduction |
| Dual-motor, all-wheel drive Model… |
