Subscribe
China

Tesla rekindles EV price war with new round of cuts

Tesla Model Y red B web.jpg
The Tesla Model Y. (BLOOMBERG)
R
By:
Reuters
August 14, 2023 10:10 AM

BEIJING — Tesla Inc. cut prices in China on the Model Y long-range and performance versions, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.

Featured Stories

Dealerships prepare for pre-tariff sales onslaught
Dealerships prepare for pre-tariff sales onslaught
Automakers warn new Trump tariffs will boost costs, cut sales
Automakers warn new Trump tariffs will boost costs, cut sales
Stellantis launches mobile service as customer retention tool
Stellantis launches mobile service as customer retention tool
Dealership buy-sell database updates: Details on 11 deals across 10 states
Dealership buy-sell database updates: Details on 11 deals across 10 states

Latest News

Dealerships prepare for pre-tariff sales onslaught
Automakers warn new Trump tariffs will boost costs, cut sales
Live updates on tariffs: Industry works to minimize disruption
Top 5 Canadian auto stories this week: Trump auto tariffs; Tesla payments frozen; more
Staying current is easy with newsletters delivered straight to your inbox.

See More in China

Who is really forging change, gaining ground and a financial edge in China’s competitive market?
New-car market will expand 9.1% in March, trade group forecasts
Tesla halts driving-assistance software trial in China, pending approval
Xiaomi aims to raise $5.3 billion in share sale to fuel EV expansion
Staying current is easy with newsletters delivered straight to your inbox.