In response to the rumors spread among Chinese Internet users that Tesla's China-made Model 3 will drop in price to RMB 199,000, Tesla China general manager Allan Wang responded in a Tesla owners' chat group on October 20 saying, "It's a complete rumor," according to Tencent Tech.
Teala later said on Weibo that it will sue the Weibo user who first spread the fake information. Here is an automatic translation of the page:
Tesla has adjusted the price of its China-made models several times this year, sparking discontent among many existing owners.
Earlier this month, Tesla adjusted the price of the China-made Model 3 standard-range version - the subsidized price was lowered from RMB 271,550 to RMB 249,900.
On October 15, Tesla also announced that the base price of the Model S long-range version was adjusted to RMB 733,900; the base price of the Model S Performance was adjusted to RMB 833,900.
Why isn't NIO worried about Tesla's frequent price cuts in China?
Tesla delivered about 140,000 electric vehicles worldwide in the third quarter of 2020, another record high compared to the 90,700 vehicles delivered in the second quarter.
Tesla also said on October 19 that the China-made Model 3 standard range upgrade, produced at its Shanghai super factory, will soon be exported to more than 10 European countries, including Germany, France, Italy and Switzerland.
While Tesla denied that the China-made Model 3 will drop to RMB 199,000, it doesn't mean that it's completely out of the question in the future.
According to Ping An Securities earlier this month, considering the gross margin of the product and the positioning of the model, RMB 200,000 could be the bottom line for the China-made Model 3, and another price cut is expected in the first half of next year.
