The Model S Plaid price has been cut by 19 percent and the Model X Plaid price by about 21 percent compared to the prices previously displayed on Tesla's China website.
(Image credit: CnEVPost)
Tesla (NASDAQ: TSLA) has officially lowered the Chinese prices of two higher-priced models that are not produced locally, after previously offering huge discounts.
Both the Tesla Model S and Model X are offered in China in an entry-level dual-motor all-wheel-drive version, as well as a more expensive tri-motor all-wheel-drive Plaid version.
The latest starting price for the dual-motor Model S is RMB 698,900 ($96,190), RMB 110,000, or 13.6 percent, lower than the RMB 808,900 previously shown on Tesla's China website.
The latest starting price for the tri-motor Model S Plaid is RMB 828,900, down RMB 200,000, or 19.44 percent, from RMB 1,028,900 previously shown.
The latest starting price for the dual-motor Model X is RMB 738,900, down RMB 160,000, or 17.80 percent, from RMB 898,900 previously.
The latest starting price for the tri-motor Model X Plaid is RMB 838,900, down RMB 220,000, or 20.78 percent, from RMB 1,058,900 previously.
Tesla has a factory in Shanghai that currently only produces the cheaper Model 3 and Model Y. Earlier this year, the new Model S and Model X were imported into China.
The last price change for the Model S and Model X on Tesla's China website was on May 5, when prices for all of their versions were raised by 19,000 yuan.
From May 5 to August 31, there were no changes to the prices of the Model S and Model X displayed on Tesla's China website.
However, Tesla has offered significant discounts for both models over the past two months.
On July 1, Tesla announced that it was offering RMB 35,000 to RMB 45,000 discounts in China for Model S and Model X already produced.
On August 16, Tesla increased that offer to RMB 54,000 to RMB 70,000.
Although Tesla's website shows the Model S and Model X as unchanged for the past half month, the actual starting prices of the two models were lowered to RMB 754,900 and RMB 836,900 on August 16, respectively.
Earlier today, Tesla began pre-sales of the revamped Model 3 sedan in China at a higher price than the older model.
($1 = RMB 7.2661)
(Screenshot on September 1, 2023.)