Tesla has worked hard to ramp up production of its Chinese Model Y and work at the huge Gigafactic complex outside Shanghai, and now, according to a report published on Thursday by Reuters, the hard work has paid off.
Big T has started selling the Chinese-made Model Y at a starting price of 339,900 yuan (or $ 52,091.95 at current exchange rates), which is actually only $ 2,191 more than our version of the Model Y Long range.
Tesla’s pricing strategy for Model Y in the world’s largest market for cars is simple: underestimating others. Therefore, the Model Y will be slightly cheaper than the Nio’s offerings, for example, which equals $ 56,329.
Interestingly, Tesla’s Model 3 benefits from China’s electric vehicle subsidy, but the Model Y is not eligible due to its price. It is also not entirely clear whether plans are in the works to equip the Model Y with the base 3’s inexpensive lithium-iron-phosphate battery cells, which would, in theory, bring the price down.
Since Tesla doesn’t have a PR department, I tweeted about this to Elon Musk, but I’m not holding my breath for my response.