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Tesla cuts prices in China for Model 3, Model Y by up to 13.5%

SHANGHAI (Reuters) -Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December...
Tesla cuts prices in China for Model 3, Model Y by up to 13.5% © Reuters. FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS
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SHANGHAI (Reuters) -Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December deliveries of China-made cars fell to the lowest point in five months.

The U.S. automaker reduced the prices for the models by 6% to 13.5%, according to Reuters calculations based on the prices shown on the website.

The starting price for Model 3 was cut to 229,900 yuan ($33,427.84) from 265,900 yuan, and for Model Y was lowered to 259,900 yuan from 288,900 yuan, the website showed.

The move followed a price reduction in October when Tesla (NASDAQ:TSLA) cut the prices for those models by up to 9%. The company has been offering incentives as much as 10,000 yuan to Chinese buyers since September.

China’s decision to end a more than decade-long subsidy for electric vehicle purchases has also forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the world's largest market.

Tesla delivered 55,796 China-made electric vehicles in December, marking a 44% drop from November and 21% fewer than a year ago, according to data from the China Passenger Car Association (CPCA) on Thursday, as it reduced output and cut prices to deal with rising inventories.

($1 = 6.8775 Chinese yuan)

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9808

+0.0001 (+0.01%)

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Neutral

Moving Avg:

Buy (0)

Sell (12)

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Buy (3)

Sell (2)

Gold Futures

2,295.80

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Moving Avg:

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Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

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↑ Sell

Moving Avg:

Buy (2)

Sell (10)

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Buy (0)

Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

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↑ Buy

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Sell (2)

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Buy (8)

Sell (1)

Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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Buy (1)

Sell (7)

Brent Oil Futures

85.62

-0.71 (-0.82%)

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Buy (1)

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Natural Gas Futures

1.946

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Sell (5)

US Coffee C Futures

213.73

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Buy (3)

Sell (9)

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Buy (0)

Sell (10)

Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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Buy (4)

Sell (8)

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Buy (1)

Sell (7)

S&P 500

5,035.69

-80.48 (-1.57%)

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Buy (0)

Sell (7)

DAX

17,921.95

-196.37 (-1.08%)

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Sell (6)

FTSE 100

8,144.13

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Sell

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Buy (2)

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17,763.03

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Buy (0)

Sell (12)

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Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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49.155

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226.40

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6.714

-0.028 (-0.42%)

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175.90

-1.74 (-0.98%)

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15.010

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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KRW15,9219,31
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