Tesla readies Model Y costing at least 20% less to defend China share, report says

Tesla store in Beijing — A Tesla dealership in Beijing on March 7, 2025. Tesla's China-made wholesale deliveries fell to the lowest in more than 2 1/2-years in February, adding to a troubling slide in global sales at a time when CEO Elon Musk is increasingly distracted by politics. (Na Bian/BLOOMBERG)

March 14, 2025 08:28 AM

SHANGHAI ― Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter told Reuters, aiming to regain ground lost during a price war in its second-largest market.

Featured Stories

Ford stockpiling parts, tells suppliers to keep shipping amid tariffs

10 federal policies that shaped the modern auto industry

From the Newsroom: Nissan’s leadership shake-up

In our opinion: Shareholders see Musk’s MAGA tilt leaving Tesla out

Latest News

Mazda wins most awards on 2025 IIHS safety ranking

FTC loses one means of saving CARS Rule after U.S. appeals court rehearing deadline passes

Daily 5 report for March 14: For European automakers, the only certainty is tariff uncertainty

Live updates on tariffs: Ford stockpiles parts, tells suppliers to keep shipping

Staying current is easy with newsletters delivered straight to your inbox.

See More in Tesla

Tesla readies Model Y costing at least 20% less to defend China share, report says

Tesla warns it could face retaliatory tariffs

Tesla taps Baidu to improve assisted driving system in China, sources say

Tesla brand damage? U.S. registrations sink 11% in January as EV rivals surge 44%

Staying current is easy with newsletters delivered straight to your inbox.