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.

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