On April 21st, Tesla China announced price reductions across its Model Y/S/X/3 lineup, with prices starting from 231,900 yuan.
Specifically, the Model Y is now priced at 249,900 yuan, the Long Range version at 290,900 yuan, and the Performance version at 354,900 yuan.
The Model S now starts at ¥684,900, with the Model S PLAID edition dropping to ¥814,900.
The Model X is now priced at ¥724,900, while the Model X PLAID edition is available for ¥824,900.
The refreshed version of Model 3 is now priced at 231,900 yuan, while the long-range refreshed version of Model 3 is priced at 271,900 yuan.
Before the price cut in the Chinese market, Tesla's Model Y, S, and X in the United States had already been reduced by $2,000.
It's been a tough week for Tesla shareholders, with the stock price falling every day, totaling a decline of about 14.03% for the week, and a drop of over 40% since the beginning of this year.
Of note, Elon Musk recently stated in an internal email to employees that Tesla will cut more than 10% of its global workforce to reduce costs and improve productivity.
Based on Tesla's global workforce, this round of layoffs will affect over 14,000 employees.
