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Tesla cuts prices to boost demand for Shanghai output, says source

Reuters · 01/06/2023 03:27
Tesla cuts prices to boost demand for Shanghai output, says source


- Tesla TSLA.O is cutting prices for its Model 3 and Model Y cars in some markets beyond China to stoke demand for output from its Shanghai plant, a person with direct knowledge of the plan said on Friday.

Tesla did respond immediately to a request for comment.

The U.S. automaker on Friday announced price cuts for the two models in Japan, South Korea, Australia and China.


(Reporting by Zhang Yan and Brenda Goh
Editing by David Goodman
)

((Zoey.Zhang@thomsonreuters.com;))