Tesla Promotions

This marks Tesla's second extension of its 7-year low-interest financing plan this year, following its unconventional launch of the promotion on January 6.

Chinese customers purchasing a Model 3 on or before February 28 are eligible for an insurance subsidy of RMB 8,000 ($1,150).

Tesla is offering Chinese customers who purchase its cars through referral program a discount of RMB 8,000 ($1,110) on optional body paint in June.

Tesla has ramped up promotions for the updated Model Y in China, as competition in the EV industry gets fiercer.

Tesla has expanded its three-year, interest-free financing in China to cover the long-range variant of the Model Y, which also saw its delivery wait time cut in half.

Tesla has raised the price of the Model Y Long Range version in China and started offering financing incentives for the other entry-level variant, probably aiming to balance orders for both variants.

Tesla continues to market its insurance subsidy for the Model 3, as its China operations saw sales, including exports, halve in February.

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.

Tesla has begun offering charging perks to Model 3 and Model Y buyers in China, as the revamped Model Y goes on sale and the price of the Model 3 goes up.