Tesla Again Cuts EV Prices in China

Weeks after pledging to help stop the ongoing discount war among electric vehicle manufacturers in China, Tesla has again slashed EV prices in the country. The American electric vehicle maker cut prices for the Model Y by $1,900 (14,000 yuan), bringing the cost of the Performance and Long Range versions down to $41,309 (299,900 yuan) and $48,196 (349,000 yuan) respectively.

Tesla announced on its official Weibo account that it would extend its $1,102 (8,000 yuan) insurance subsidy for the…

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