Historically Lowest, the Chinese Tesla Model 3 Witnessed a Huge Price Drop, Starting at RM 152,800
LienApr 22, 2024, 06:12 PM
On April 21st, according to Tesla China's official website, the prices of all its models were reduced by 14,000 RMB. Among them, the starting price of Model 3 dropped from 245,900 RMB to 231,900 RMB, which is only 2,000 RMB away from the lowest historical price of 229,900 RMB. It was on January 6, 2023, Tesla Model 3/Y began to drastically cut prices, setting off the craziest "price war" in history. However, it's worth mentioning that the price reduction at that time was for the old Model 3, while today it is for the renewed Model 3, which has been improved in luxury, comfort, and continued journey. Therefore, objectively speaking, the current 231,900 RMB Model 3 renewal is more cost-effective than the old Model 3 at 229,900 RMB.
| Changes in Tesla Model 3 guide price (RMB) | ||
|---|---|---|
| Model | Original price (10 thousand RMB) | Adjusted price (10 thousand RMB) |
| Rear-wheel Drive | 24.59 (~RM 162,112) | 23.19 (~RM 152,882) |
| Long-range Four-wheel Drive | 28.59 (~RM 188,485) | 27.19 (~RM179,255) |
| Changes in Tesla Model Y guide price (RMB) | ||
|---|---|---|
| Model | Original price (10 thousand RMB) | Adjusted price (10 thousand RMB) |
| Rear-wheel Drive | 26.39 (~RM 173,981) | 24.99 (~RM 164,751) |
| Long-range Four-wheel Drive | 30.49 (~RM 201,011) | 29.09 (~RM 191,781) |
| Performance High Power Version | 36.89 (~RM 243,204) | 35.49 (~RM 234,095) |
The starting price of the Tesla Model Y has dropped from 263,900 RMB to 249,900 RMB, refreshing the lowest price in history. The previous lowest price was 259,900 RMB. At this price, the Model Y has seen a surge in sales, with monthly sales exceeding 50,000 units and hitting a high of 60,000/month. The cumulative sales in 2023 were 456,892 units, winning the sales champion of all types of models. However, in the first quarter of this year, the cumulative deliveries of Model Y were 100,366 units, a year-on-year increase of 6.04%, showing a slowdown in growth. Now with the price drop to 249,900 RMB, it is expected the sales will rise in a new round, further consolidating its leading position in the market.
| Price Change of Tesla Model X Guideline Price (RMB) | ||
|---|---|---|
| Model | Original Guideline Price (10,000 RMB) | Adjusted Sale Price (10,000 RMB) |
| Dual Motor All-Wheel Drive Edition | 73.89 （~RM 487,282） | 72.49（~RM 478,049） |
| Tri-motor All-Wheel Drive Plaid Edition | 83.89（~RM 553,229） | 82.49（~RM 544,112） |
| Tesla Model S Guideline Price (RMB) Changes | ||
|---|---|---|
| Model | Original Guideline Price (10,000 RMB) | Adjusted Sale Price (10,000 RMB) |
| Dual Motor All-Wheel Drive Edition | 69.89 （~RM 461,001） | 68.49（~RM 451,766） |
| Tri-motor All-Wheel Drive Plaid Edition | 82.89（~RM 546,750） | 81.49（~RM 537,516） |
Also, the starting price of the Tesla Model X has been reduced from 748,900 RMB to 724,900 RMB, and the starting price of the Model S has been reduced from 698,900 RMB to 684,900 RMB. These two models have seen multiple price reductions, with previous reductions exceeding 50,000 RMB. Even with such high discounts, sales of the Model X/S have been very bleak, and a further reduction of 14,000 RMB is like a drop in the bucket.
Overall, this 14,000 RMB reduction for the Tesla Model 3/Y has a significant impact on competitors in its class. It is estimated that major car manufacturers in China will also follow suit with discounts or promotions to consolidate their market competitiveness, so as not to be eroded by Tesla's market share.
If any infringement occurs, please contact us for deletion
Trending News
The Lexus ES 200: Laughed Out of Existence
With the official debut of the eighth-generation Lexus ES in the global market, we quickly realized that the once entry-level model ES 200 has completely disappeared. Now only the ES 350h, ES 350e, and ES 500e remain, and for this reason, the Lexus ES 200 was launched with a two-tone body in the Chinese market as a commemorative edition.
Toyota recalls over 3 million vehicles worldwide, including Camry, Land Cruiser, and Lexus
According to the latest news, Toyota has officially launched a large-scale global recall involving approximately 3.3 million vehicles due to a defect in the reverse assist system software, which may cause the screen to freeze at critical moments.
Before buying a Mitsubishi Xpander, you must know these 5 common issues
Although the overall mechanical quality of Mitsubishi Xpander is widely recognized as economical and durable, according to extensive feedback from owners, Xpander may encounter the following 5 problems.
BYD Sealion 7 Common Issues: Must-Read Before Buying
BYD Sealion 7 is a highly mature product, with most of its exposed issues being "minor flaws" in software adaptation and craftsmanship details. With iterations of OTA updates and the accumulation of experience in electronic fault diagnostics within the after-sales service network, these problems are expected to improve in the future.
12th Generation All-New Honda Civic Spotted Test Driving: Features a Flatter Design
As a benchmark in the compact RV market, the current Honda Civic (FE) is nearing the end of its lifecycle after being launched for several years. With the arrival of 2026, news about the next-generation Civic is finally no longer confined to rumors. Recently, multiple sets of heavily camouflaged prototype spy photos have been captured on tracks and public roads, indicating that the Civic is about to undergo a revolutionary redesign.
Popular Cars
Model Year
Car Compare
Car Photo