Home Industry Automotive Tesla cuts price of Model Y versions The Model Y forms part of the stable of vehicles, along with the Model 3, which are the best-sellers for the company by Bloomberg August 14, 2023 Image credit: Getty Images Tesla has cut the price of its two higher-end Model Y vehicles in China by CNY14,000 ($1,900) in the latest salvo. The electric vehicle maker cut the price of its Model Y long-range and performance to CNY299,900 and CNY349,900 respectively, the company announced on Weibo. The Model Y forms part of the stable of vehicles, along with the Model 3, which are the best-sellers for Elon Musk’s company. The latest cuts come after the company last year triggered a price war in China that left competitors with little choice to follow suit. Its China deliveries slumped 31 per cent in July to the lowest level this year. Also read: Tesla to build new battery factory, says Elon Musk Tags automotive China Electric Car Tesla 0 Comments You might also like Saudi crude oil supply to China ‘to fall’ by almost 6 million barrels Faces to watch: Mohsin Hani Al-Bahrani of the Mohsin Haider Darwish Group Dubai Autodrome’s GM Faisal Al Sahlawi shares its role in driving motorsport in the UAE Tesla starts laying off employees at Nevada plant