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Tesla China announces $1100 insurance subsidy on Model 3 and Y but increased prices

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Tesla Model Y

Tesla announced a limited-time low-interest financial policy for all S3XY models with a 3-year/5-year annual rate of 2.75%. This a limited-time offer from November 28 to December 31.

Tesla Model 3 and Model Y rear-wheel drive version now has a limited-time insurance subsidy of 8,000 yuan (over $1100 USD) and the post-subsidy prices are 253,400 yuan and 258,400 yuan respectively.

At the same time, the entire Y series models are entitled to a limited-time low-interest financial policy of up to 11,500 yuan. On the other hand, the Model 3 series now has a low-interest policy of up to 9,400 yuan.

If any of the customers buy a new Model Y/S/X with a referral code, the buyer will get a 1750 yuan reward and a 90-day EAP trial. Meanwhile, the referer will get 7000 yuan points.

New Price Increase:

Alongside the new 8,000 yuan subsidy, Tesla Chiina also increased the price of the Model Y long-range version by 2,000 yuan, leading the price to 306,400 yuan. As of today, Tesla has raised the prices for Model and Y at least four times.

Below you can check the updated price tags of these models including their ranges.

  • Model 3 Rear-wheel drive version priced at 261,400 yuan
  • Model 3 Long-range version priced at 297,400 yuan
  • Model Y Rear-wheel drive version priced at 266,400 yuan
  • Model Y All-wheel drive long-range version 306,400 yuan
  • Model Y’s High-performance version now priced at 363,900 yuan

Note – 1 Chinese yuan = 0.14 USD, conversion price as of November 28, 2023.

Tesla $1100 insurance Subsidy

Source – Tesla China

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