12/27/2024
Tesla Narrows Pre-Market Loss to 0.5% After Joining China’s Year-End EV “Price War”
Tesla (TSLA.US) China on December 24 launched a promotion offering a ¥10,000 discount on the final payment for Model Y inventory cars, plus a five-year zero-interest financing plan valid until January 31 next year. With Tesla joining the year-end price war, it recorded 21,900 vehicle sales during the first week of December (Dec. 2–8), its highest single-week Q4 sales this year. Data from the China Passenger Car Association (CPCA) shows that from January to November, Tesla’s domestic market retail sales reached 574,200 units, up 8.77% year-on-year, ranking second in China’s new-energy vehicle market. As of this writing, Tesla’s pre-market loss has narrowed to 0.5%.
