Tesla's China-made Model 3 may be priced in US$43,400-US$50,700 range: Bloomberg

News May 28, 2019 No Comments

Tesla's China-made Model 3 may be priced in US$43,400-US$50,700 range: Bloomberg

REUTERS: Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan (US$43,431-US$50,670) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter.

The final price is still being worked out, Bloomberg said citing a source.

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The electric carmaker currently ships Model 3 vehicles from the United States to sell in China.

Tesla is counting on its Shanghai factory, which is scheduled to begin production this year, to manufacture Model 3 cars as it seeks to expand its lineup and boost sales in the world’s biggest EV market.

Tesla was not immediately available for a comment on the pricing, but an announcement is expected on May 31, according to a social media post by the company.

(Reporting by Rishika Chatterjee in Bengaluru; editing by Uttaresh.V)

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