Tesla has again slashed prices on its cars in China after deliveries of vehicles made in Shanghai plummeted in December, ending a challenging year for the American electric car maker.
At 8:05 am (Brasília time), Tesla shares suffered a 5.3% drop in premarket business in New York.
In a post on a Chinese social network, the company led by billionaire Elon Musk said it will cut the prices of its two most popular cars in the country – Model 3 and Model Y – between 6% and 13%.
With that, the Chinese Model 3 will be about 30% cheaper than in the US.
The reduction came after Tesla deliveries fell to 55,796 units in December, down from more than 100,000 in November and 21% below the volume a year earlier, according to data published by the Chinese passenger car association.
December’s figure was the lowest since July, when Tesla’s production in Shanghai was suspended to renovate the local factory. At the close of Thursday (5), Tesla’s stock had already accumulated losses of more than 10% since the beginning of 2023.
With information from Dow Jones Newswires.
Source: CNN Brasil
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