Tesla has reduced their car prices in China. Here are the new starting prices (in USD):
• Model 3 RWD: $33,023 (11.7% drop)
• Model 3 P: $48,014 (5.7% drop)
• Model Y SR: $37,826 (10% drop)
• Model Y LR: $45,103 (13.4% drop)
• Model Y P: $52,381 (9.5% drop)
This will likely reduce margins in China to around 10-15% from 25-30%. This will increase unit sales substantially.
Tesla China will still be exporting about 30-40% of its capacity to Europe and other locations.
BREAKING: Tesla CN slashed prices for all variants of Model 3/Y.
Model 3 RWD: from 265,900CNY to 229,900CNY
Model 3 P: from 349,900CNY to 329,900CNY
Model Y RWD: from 288,900CNY to 259,900CNY
Model Y LR: from 357,900CNY to 309,900CNY
Model Y P: 397,900CNY TO 359,900CNY
— Ray (@ray4tesla) January 6, 2023
Tesla has reduced Model 3/Y prices in Australia. New starting prices (in AUD):
• Model 3 RWD: $63,900 (2.4% drop)
• Model 3 LR: $76,900 (3.9% drop)
• Model 3 P: $89,900 (1.9% drop)
• Model Y RWD: $68,900 (2.4% drop)
• Model Y P: $94,900 (2.4% drop)
Tesla has reduced Model Y prices in South Korea. New starting prices (in SK Won):
• Model Y LR: ₩84,999,000 (~66,890 USD, 12.1% drop)
• Model Y P: ₩94,731,000 (~74,549 USD, 9.5% drop)
This will put pressure on BYD and all other China car companies.
BYD Song: 22,449 sales in January, 70,079 sales in December
BYD Han: 12,780 sales in January, 30,043 sales in December
BYD Yuan: 8,596 sales in January, 29,468 sales in December
BYD Dolphin: 10,602 sales in January, 26,074 sales in December
BYD Qin: 26,542 sales in January, 26,206 sales in December
BYD Tang: 9,060 sales in January, 20,165 sales in December
BYD Seal: 0 sales in January, 15,378 sales in December [Seal is closest to the RWD model 3. Seal now $31k vs $33k for Tesla M3]
BYD Destroyer 05: 0 sales in January, 6,107 sales in December
BYD Frigate 07: 0 sales in January, 1,805 sales in December
BYD will likely hold up a little better than legacy gas cars like VW.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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