Tesla

Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover's major refresh is not far away.

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.

In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.

Tesla sold 40,485 vehicles in China in October, the lowest since April, as exports from its Shanghai factory rose 72.41 percent from September.

Chinese customers who order a new Tesla vehicle through its official trade-in service before December 3 will have the chance to win a visit to Tesla's Shanghai factory.

Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains.

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

Tesla has extended its 5-year 0 percent interest loan in China until November 30, further renewing the incentive for car purchases that began in April.

Tesla said it expects to achieve slight growth in vehicle deliveries in 2024 despite ongoing macroeconomic conditions.

Tesla said last month that it expected to launch FSD in China in the first quarter of 2025, but people familiar said the rollout progress is not expected to mirror the speed as it planned, according to China Daily.