Tesla (TSLA) Tumbles After Model 3 Price Cut as China Competition Intensifies
Tesla cut the Model 3 long-range price in China as sales fell and competition from faster, cheaper Chinese EV entrants intensifies, threatening market share and margins.
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Tesla cut the Model 3 long-range price in China as sales fell and competition from faster, cheaper Chinese EV entrants intensifies, threatening market share and margins.
Tesla cut the price of its Model 3 rear-wheel-drive in China by 3.7% to 259,500 yuan; the new longest-range Model 3 variant launched in China last month.