{"id":536290,"date":"2023-01-06T19:12:57","date_gmt":"2023-01-06T16:12:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-vehicles-40-cheaper-in-china-than-us-after-major-price-cuts\/"},"modified":"2023-01-06T19:12:57","modified_gmt":"2023-01-06T16:12:57","slug":"tesla-vehicles-40-cheaper-in-china-than-us-after-major-price-cuts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-vehicles-40-cheaper-in-china-than-us-after-major-price-cuts\/","title":{"rendered":"#Tesla vehicles 40% cheaper in China than US after major price cuts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40208871837\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40208871837\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tesla-vehicles-40-cheaper-in-china-than-us-after-major-price-cuts\/#%E2%80%9CTesla_vehicles_40_cheaper_in_China_than_US_after_major_price_cuts%E2%80%9D\" >&#8220;Tesla vehicles 40% cheaper in China than US after major price cuts&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTesla_vehicles_40_cheaper_in_China_than_US_after_major_price_cuts%E2%80%9D\"><\/span>&#8220;Tesla vehicles 40% cheaper in China than US after major price cuts&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Tesla has slashed prices on some vehicles in China by more than 40% compared to their sticker price in the US as Elon Musk\u2019s struggling electric automaker responds to dwindling demand in the region.<\/p>\n<p>After a fresh round of discounts unveiled this week, the base version of Tesla\u2019s Model Y SUV is available for the equivalent of $37,875 in China \u2013 a 43% discount compared to the cheapest available Model Y on sale in the US, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-06\/tesla-cuts-prices-once-again-in-china-introduces-s-and-x-models?srnd=premium\">Bloomberg reported Friday<\/a>. \u00a0The new price in China marked a 10% discount from its previous level.<\/p>\n<p>Tesla also chopped its ask for the base version of its flagship Model 3 in China by 10% to the equivalent of about $33,575. The Model 3 is currently about 30% more expensive in the US.<\/p>\n<p>Tesla also cut prices for vehicles in Japan,\u00a0South Korea\u00a0and Australia as it attempts to boost demand and head off increased competition in the electric vehicle market. The company had previously lowered prices as recently as October.<\/p>\n<p>The latest cuts were unveiled days after Tesla spooked investors by reporting fourth-quarter vehicle delivery numbers that fell short of Wall Street\u2019s expectations. The 405,278 vehicle deliveries were an internal record but was still below the 432,117 that analysts expected.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-02.jpg?w=1024\" alt=\"Elon Musk\" class=\"wp-image-25262816\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla is seeing dwindling demand in China.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Tesla shares were down 3% in early trading on Friday. The company\u2019s stock is off to a rough start this year after posting a 65% decline in 2022 \u2013 its worst annual performance on record.<\/p>\n<p>In a post on the Chinese <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> platform Weibo, Tesla executive Grace Tao said the discounts were the result of engineering innovations and calls from Beijing to boost economic development.<\/p>\n<p>Tesla executives have gr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>led with months of supply chain difficulties, especially in China, where a surge in COVID-19 cases forced the company to temporarily shutter production at a key manufacturing plant in Shanghai. Production is expected to be limited through January.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-shanghai-china.jpg?w=1024\" alt=\"Elon Musk\" class=\"wp-image-25262817\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-shanghai-china.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-shanghai-china.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-shanghai-china.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla had cut prices as recently as October.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Elsewhere, Tesla investors have grown irritated as Musk devotes more of his time and energy to running Twitter. Analysts say Musk\u2019s controversial moves at Twitter, including rounds of layoffs, cost-cutting measures and an overhaul of the site\u2019s verification process, have become an overhang on Tesla\u2019s stock.<\/p>\n<p>Last week, several Wall Street firms cut their price targets for Tesla in response to the lukewarm delivery report. Tesla\u2019s quarterly numbers are closely watched because they are the closest indication of actual unit sales disclosed by the company.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/tesla-showroom-china-02.jpg?w=1024\" alt=\"Tesla vehicles\" class=\"wp-image-25262825\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/tesla-showroom-china-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/tesla-showroom-china-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/tesla-showroom-china-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Elon Musk has faced criticism for focusing more on Twitter.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cDemand overall is starting to crack a bit for Tesla and the company will need to adjust and cut prices more, especially in China which remains the key to the growth story,\u201d Wedbush analyst Daniel Ives said in a note to clients.<\/p>\n<p>The price of used Tesla vehicles has also begun to fall, plunging 17% from a peak of $67,297 in July to $55,754 in November, according to a recent\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-used-car-price-bubble-pops-weighs-new-car-demand-2022-12-27\/\">Reuters report<\/a>. Over the same span, the overall price of used cars fell just 4%.<\/p>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2023\/01\/06\/tesla-vehicles-40-cheaper-in-china-than-us-after-major-price-cuts\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Tesla vehicles 40% cheaper in China than US after major price cuts&#8221; Tesla has slashed prices on some vehicles in China by more than 40% compared to their sticker price in the US as Elon Musk\u2019s struggling electric automaker responds to dwindling demand in the region. After a fresh round of discounts unveiled this week,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":536291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/elon-musk-tesla-02.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[138101,29696,4973,39394,70359,36402],"class_list":["post-536290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-6-23","tag-cars","tag-china","tag-elon-musk","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/536290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=536290"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/536290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/536291"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=536290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=536290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=536290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}