Tesla offers rare China inventory discounts to fight sliding Shanghai production sales

Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world’s largest market for electric vehicles (EVs). Prices of Model 3 vehicles in inventory would be reduced by 5,000 yuan (US$745) each, while buyers of the Model Y could enjoy a discount of 10,000 yuan per unit, the US carmaker announced on Monday. The promotions would run until the end of September, Tesla China said in a statement. “Tesla has been...