Tesla lowers costs for various Model Y versions in China.
Rosali Ghosh, Editor
For the long-range and performance variants of the Model Y, Tesla Inc. has reduced pricing in China, the firm announced in a notification on Monday. Both models’ beginning pricing were reduced by 14,000 yuan ($1,934.58) by the automobile manufacturer. The beginning price of the Model Y Long Range is now 299,900 yuan, down 4.5%, while the Model Y Performance is now 349,900 yuan, down 3.8%. In the same release, Tesla also stated that between August 14 and September 30, customers of entry-level, rear-wheel-drive Model 3 inventory vehicles will be eligible for insurance subsidies in China in the amount of 8,000…