The new basic edition of the Model 3 is priced at 259,900 yuan (US$35,783) and can go as far as 606km on a single charge. Tesla’s sales fell 58 per cent month on month in July.
Tesla has cut prices of the Long Range and Performance versions of the Model Y SUV by 4 per cent each. The move follows cuts by Chinese EV makers who have slashed prices of some models by up to 10 per cent.
China is well on track in 2023 to overtake Japan and become the world’s largest light-vehicle exporter, with global automakers emerging as a fresh force behind the country's export boom.
Tesla CEO Elon Musk is a huge fan of his Tesla China team and employees. Before leaving China, he headed to the factory to give them the utmost praise.
SHANGHAI (Reuters) - Elon Musk's private jet is scheduled to leave Shanghai on Thursday morning and head to Austin, Texas, data from flight tracking p.