Models 3 and Y are up to 24% cheaper than last year, and buyers said to want compensation
, which means companies like Tesla would need to cut prices to remain competitive.
According to Reuters, which reviewed the new pricing scheme, this second round of price cuts means Tesla vehicles in China are now priced betweenThe move is the first major decision Tesla has made since placing its China lead, , second in command of the company with additional duties that include overseeing sales operations in North America and Europe, and Tesla's US-based factories.Chinese social media was abuzz with news of the second round of Tesla discounts, with several groups of people announcing their intent to protest at Tesla distribution centers and showrooms over the weekend, which it appears they did, albeit to little success.
Crowds at other locations were caught on video calling for refunds and confronting police, but those in Shanghai were reportedly able to meet with Tesla staff and hand over a list of demands. Reuters quoted a Tesla China spokesperson it spoke to on Saturday as saying the company had no plans to compensate buyers who took delivery before the most recent price cut, but no mention was made of those who bought a Tesla in the last quarter of 2022, between the cuts.
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