Tesla is facing wrath from Chinese customers after announcing a surprise price cut on its electric vehicles. Consumers who bought Tesla vehicles earlier but didn’t get the price cuts began demanding rebates and credits, claiming they overpaid for their earlier purchases. Reuters reported that about 200 Tesla buyers of the Model 3 and Model Y gathered at the automaker’s showrooms and distribution centers across China over the weekend to protest the automaker’s second price cut in three months. Decide.
According to the report, many Tesla owners said they had believed that the prices Tesla charged for its electric vehicles late last year would not be cut as suddenly or as sharply as the automaker just announced to stimulate sales and support its production. Shanghai Gigafactory. Government subsidies, scheduled to expire at the end of 2022, also prompted many to complete their purchases, they also revealed.
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In order to boost sales in China, Tesla has announced consecutive price cuts for Model 3 and Model Y electric vehicles in China over the past few months. The most recent time was on Friday. With the new price cuts, Tesla electric vehicle prices in China are now 13% to 24% below September 2022 levels. The price cuts come after the automaker’s sales plummeted in December. That forced Tesla to announce price cuts amid slumping demand for electric vehicles in China.
After Tesla owners protested, police in Shanghai reportedly facilitated a meeting between Tesla employees and the assembled electric car owners, where they made a series of demands, including an apology and compensation or other credits.
First published date: Jan 8, 2023 at 13:43pm CST