Home Industry Automotive Tesla cuts price of Model Y versions The Model Y forms part of the stable of vehicles, along with the Model 3, which are the best-sellers for the company by Bloomberg August 14, 2023 Image credit: Getty Images Tesla has cut the price of its two higher-end Model Y vehicles in China by CNY14,000 ($1,900) in the latest salvo. The electric vehicle maker cut the price of its Model Y long-range and performance to CNY299,900 and CNY349,900 respectively, the company announced on Weibo. The Model Y forms part of the stable of vehicles, along with the Model 3, which are the best-sellers for Elon Musk’s company. The latest cuts come after the company last year triggered a price war in China that left competitors with little choice to follow suit. Its China deliveries slumped 31 per cent in July to the lowest level this year. Also read: Tesla to build new battery factory, says Elon Musk Tags automotive China Electric Car Tesla 0 Comments You might also like China bans export of rare earths processing tech over national security Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards India’s economy follows China to reach rapid take off: Kemp Insights: Why it’s time to drive decarbonisation across the auto industry