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Tesla's Price Cut in China: A Strategic Move for Long-Term Growth
In a recent development that has captured the attention of investors and industry analysts alike, Tesla announced a significant price reduction in the Chinese market. According to a tweet by Gary Black and reports from Bloomberg, Tesla has cut the prices of its Model 3 and Model Y vehicles by approximately 45%. This move results in the models falling just below the 300,000 RMB threshold—a strategic marker because buyers now become eligible for an additional 12,000 RMB subsidy.