Tesla Cuts China Price of Top-End Model Ys in Latest Salvo
Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war.
I think we can see the price cut for Tesla happening more in the future in China. The reality is that the Chinese people are not in good shape now and they do not have money to spend anymore. So the only reasonable thing Tesla can do now is to cut and cut and cut to at least get their business going and see how it goes.
But in the meantime companies like $nio or $xpev will suffer even more. There's no way you can compete with Tesla on price drops like that.