Tesla Launches Limited-Time Car Insurance Subsidy for Model 3 In China, Researcher Expects It To Have 'Limited Impact' On EV Maker's Delivery Hardships In Q1

Quick Summary:

EV giant Tesla Inc.(NASDAQ:TSLA) has launched a limited-time insurance subsidy of 8000 yuan (about $1100) in China on the purchase of a new Model 3 vehicle, likely in a bid to increase demand.

What Happened: Customers can avail of the subsidy upon placing an order for any variant of the Model 3 before Feb.28, the company says on its China website.

The Model 3 is Tesla’s cheapest offering, starting at 235,500 yuan after the company hiked prices in January by 3,600 yuan.

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Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: Tech News US88160R1014 Benzinga Analyst Color Mobility KeyProj Electric vehicles EVs Model 3 TSLA

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Article Type: News Report

Published On: 2025-02-05 @ 08:43:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 21 lines

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