n a strategic move, Tesla Inc (TSLA.O) announced a price adjustment for its revamped long-range Model 3 and Model Y vehicles in China, effective November 9. The electric car giant confirmed a 1,500 yuan ($206) increase for the Model 3, as indicated on its official website and Weibo account. Anticipating the adjustment, Tesla sales representatives in China actively disseminated information on social media platforms, advising potential buyers to secure their orders before the impending price surge. This decision comes amid dynamic market conditions and underscores Tesla’s adaptive approach to navigate the evolving landscape of the electric vehicle industry.
($1 = 7.2800 Chinese yuan renminbi)