Report: Tesla Price Cuts In China Shocked Customers via insideevs.com
, depending on the model, compared to late October prices.To be fully clear, we must add that those customers purchased Tesla cars after the previous price reduction in October, often with additional incentives introduced by Tesla, to boost its end of the year sales . They were also in a hurry to get the 11,088 CNY subsidy .
The scale of the consumer backlash is not known, but at least several large cities were mentioned in the reports, including Beijing, Shenzhen, Chengdu and Xi'an. This triggered a new wave of buyers, which appears to be big enough to already make a difference. The company's website now indicates a slightly longer delivery time of the two Model Y versions - 2-5 weeks instead of 1-4 weeks previously.
We saw also some unofficial reports about a very high number of orders placed after the price reduction, but there is no way to verify the numbers. The ultimate confirmation of the increased demand will be Tesla sales results in the first quarter of 2023.The price reduction by Tesla is expected to affect the general electric car market in China. According the Chinese media, some companies might be more affected than others and as an example, XPeng was mentioned.
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