Tesla China Says Rumor of Model Y Price Cut Is False

Tesla China Says Rumor of Model Y Price Cut Is False

Photo: Tesla

Tesla China has said that the rumor of a significant price cut for Model Y is false. Unknowns artificially create a negative background, trying to harm the sales of the manufacturer in China.

Tesla China has spoken out again to refute the recent rumors. Local publication Huxui, citing an unnamed source, reported that Tesla is gearing up for a massive price cut for its domestic Model Y. According to the information, a cut of an impressive $5,600 was in the pipeline, which would almost certainly stop some customers in China from buying the car at the moment, forcing them to delay their order until the price reduction takes effect.

Probably Tesla's rivals or haters planned to prevent the company from getting a high number of orders to somehow slow down its sales. Even with the fact that someone could believe the rumor, it is clear that this could not have a significant impact on the increase in the number of orders in China. In addition, a Tesla employee in China who spoke to The Paper denied the rumor.

The basis for the rumor was the reduced delivery times for vehicles manufactured at Giga Shanghai and that Tesla began offering a rebate of around $1,100 when taking delivery from September 15 to 30 and taking out insurance from the company. Obviously, the discount was introduced in order to encourage customers to accept delivery of the car before the end of the current quarter. The reduction in wait times is due to the fact that Giga Shanghai has undergone a major modernization of its production facilities and now has an installed production capacity of 1.1-1.2 million vehicles per year, which means that it can now produce significantly more vehicles per month than it could previously.

© 2022, Eva Fox | Tesmanian. All rights reserved.


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About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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