Tesla Model 3

Pricing for the regular Model Y remains the same as the Launch Series, with the bonus extended warranty no longer available.

Tesla is offering RMB 8,000 ($1,100) in insurance subsidy for the Model 3, restarting a promotional tool it has used many times previously on the first working day of the Year of the Snake in the Chinese lunar calendar.

In the past nine months, the monthly deliveries of the Xiaomi SU7 beat the Model 3 in China four times.

Tesla China exported 76,380 Model Y units in 2024, a 54.58 percent decrease from 2023. The Model 3 exported 183,178 units, a 4.14 percent increase from 2023.

The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.

Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks.

Chinese customers who order the Model 3 now can expect to get deliveries in 2-4 weeks, shorter than the previous 4-6 weeks.

The latest wait times in China for all three variants of the Model 3 are 3-5 weeks, extended from the previous 2-4 weeks. The Model Y remains unchanged at 1-3 weeks.

Model 3 wait time went from 1-4 weeks to 2-4 weeks, Model Y remains unchanged at 1-3 weeks.

Today's changes reduce wait times for the Model 3 and Model Y in China to an all-time low. Silver paint is no longer exclusive to the Model Y.