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Tesla Cuts Price of Chinese-Made Model 3

Tesla Cuts Price of Chinese-Made Model 3

Taking advantage of new battery options and big government subsidies, Tesla (NASDAQ: TSLA) has slashed its Model 3 prices in China. The company's Chinese website is now advertising a base price for the popular battery-electric sedan of 249,900 yuan, or roughly $36,800. Tesla factors in Chinese government subsidies for electric vehicles (EVs) when it calculates the base price.