Tesla recently lowered the prices of its Model 3 sedan and Model Y crossover in several markets around the world, raising concerns about whether it will do the same in the Chinese mainland.
Tesla (NASDAQ: TSLA) recently lowered the prices of its Model 3 sedan and Model Y crossover in several markets around the world, raising concerns about whether it do the same in the Chinese mainland.
Grace Tao, Tesla's vice president of external affairs, shared several charts on Weibo Friday showing that all versions of the Model 3 and Model Y available in the Chinese mainland are priced lower than in all other markets.
Tao shared the charts without any comment. Whether Tesla will continue to cut prices in the Chinese mainland will be something to watch in the coming days.
Chinese car companies are currently busy preparing for the Shanghai auto show, which will begin on April 18 and run through April 27. The organizers of the show have released a booth map that shows Tesla will be absent.
The low prices enjoyed by consumers in the Chinese mainland are apparently due to the local production of the Tesla Model 3 and Model Y.
On August 15 last year, Tao said that 99.9 percent of the team at Tesla's Shanghai factory was made up of Chinese and that the supply chain was more than 95 percent localized.
Tesla's factory in Shanghai currently produces only the Model 3 as well as the Model Y. The plant not only supplies locally, but is also an export center for Tesla.
The Model 3 is currently offered in two versions in the Chinese mainland -- the entry-level rear-wheel drive version and the dual-motor all-wheel drive Model 3 Performance.
The Model Y is available in three versions in the Chinese mainland -- the entry-level rear-wheel drive Model Y, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance.
Here are more charts created by CnEVPost based on images shared by Tao yesterday.