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Story summary
- Tesla China introduced discounts on Shanghai-made Model 3 and Model Y vehicles.
- Model 3 inventory prices fell 5,000 yuan, a 2.1% reduction from the 235,500 yuan base price.
- Model Y buyers received a 10,000 yuan discount, cutting the entry-level price by 3.8%.
- The discounts remain in effect until the end of September 2026.
- Eric Han of Shanghai consultancy Suolei said the cuts could spark price competition amid weak demand.
