Tesla sweetens 0% loan offer for EV buyers in China amid global sales slump

Quick Summary:

Incentives for Model Y aimed at defending its market share, after EV maker stopped importing Model S and Y amid tariff blows.

The SUV is priced between 263,500 and 313,500 yuan, depending on the specifications.“Tesla has seen a significant decline in sales across multiple regions,” said Shen Meng, director at Chanson & Co, a Beijing-based investment bank.“Combined with the impact of tariffs, its performance expectations have weakened, leading to a substantial drop in its stock price.

The sweetened offer, against the current three-year repayment terms, would be available until the end of June, it added.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: Years Buyers Tesla Yuan Repayment Instalments Payment Monthly Five Sales Loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 16:16:46 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 196 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28138938

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