Tesla Model Y

While the latest change appears to mean little change in wait times for Tesla models in China, the move is worth watching.

Faster deliveries from Tesla in China near the end of the year are expected to allow more local consumers to take advantage of the expiring state purchase subsidies.

Tesla produces new vehicles in the first half of each quarter primarily for export, and October's numbers continue that pattern.

The price cut seems to be having a noticeable effect on Tesla's increased orders, with one Tesla salesperson saying she worked overtime until 2 am on Monday.

All versions of Tesla Model 3 and Model Y are priced lower in China, with the entry-level Model Y dropping below RMB 300,000 and eligible for purchase subsidies.

From mid-October, new Model Ys coming off the Tesla Giga Shanghai production line will be equipped with improved rear seats and an additional manual release for the rear doors.

Tesla's Model Y sold 46,694 retail units in China in September, and the Model 3 sold 30,919 units.

Tesla's main selling model in China, the Model Y, is expected to see a price cut of up to RMB 40,000 ($5,616), bringing the starting price of the rear-wheel drive version of the Model Y down to possibly RMB 270,000 to 290,000, according to local media.

From January to August, the Model Y sold 172,418 units in China, nearly tripling the sales of the Model 3, which has the seventh highest value retention rate.

From January to August, the Tesla Model Y is also the best-selling premium SUV in China with 172,418 retail sales.