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Tesla owners in China protest missed price cuts

Tesla owners in China protest missed price cuts

Hundreds of car owners from Tesla gathered at manufacturer dealerships and distribution centers in China over the weekend, demanding discounts and credits after sudden price cuts that they said meant they had overpaid for their electric vehicles.

Some 200 recent buyers of the Tesla Model Y Y the model 3 They gathered at a Tesla delivery center in Shanghai on Saturday to protest the US automaker’s decision to cut prices for the second time in three months on Friday.

Many said they had believed that the prices Tesla charged for its cars late last year would not be cut as sharply or as deeply as the automaker just announced, in a move to stimulate sales and support production at its plant. from Shanghai.

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The expected expiration of a government grant at the end of 2022 also prompted many to buy.

Videos posted on social media showed crowds at Tesla stores and delivery centers in other Chinese cities, from Chengdu to Shenzhen, suggesting a broader reaction from consumers.

Following Friday’s surprise discounts, Tesla’s EV prices in China are now 13% to 24% below September.

Analysts have said Tesla’s move will likely boost its sales, which fell in December, and force other EV makers to cut prices as well at a time when demand in the world’s biggest market for electric cars falters.

Source: Reuters

Source: Gestion

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