Tesla says model 3 will cost about $48K in China, 13% cheaper than before

Published May 31, 2019 256 Views $0.04 earned

Rumble / Trending NewsTesla on Friday announced that its Model 3 made in China at its second Gigafactory, will cost about 13% less than the sedans its currently importing for sale.

The standard range plus version of the Model 3 will cost 328,000 yuan, or approximately $47,529.

That's $7,000 less expensive than consumers are paying now.

More expensive trims will cost up to $75,549 for the performance version.

China is key to Tesla's long-term strategy, especially given concerns from some Wall Street analysts that demand in markets outside the country, like the United States, may be waning.