Tesla cuts starting prices for Model 3, Model Y in China By Reuters


© Reuters. FILE PHOTO: A man wearing a face mask following the coronavirus disease (COVID-19) outbreak walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China May 8, 2020. REUTERS/Yilei Sun/File Photo/File Pho

SHANGHAI (Reuters) – Tesla (NASDAQ:) has cut starting prices for Model 3 and Model Y cars in China, its Chinese website showed on Monday.

The starting price for Model 3 was reduced to 265,900 yuan ($36,727.03) from 279,900 yuan, while that for Model Y was cut to 288,900 yuan from 316,900 yuan, according to the website.

($1 = 7.2399 )

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