Tesla Model 40% Cheaper in China Than US on Price Cuts

Tesla has significantly reduced the price of its locally built Model Y SUV in China, making it 43% cheaper than in the U.S. This move is a response to heightened competition in the Chinese EV market, where over 50% of Tesla's global deliveries occur. The price cut suggests steeper competition and potentially lower margins for Tesla, leading to a negative market reaction.

What is the new starting price for the Tesla Model Y SUV in China?

• $60,000

• $50,000

• $45,000

• $38,000

Who provides insights into the implications of Tesla's price cuts in China?

• Alex Webb

• Tim Cook

• Jeff Bezos

• Elon Musk

What percentage of Tesla's global deliveries are made in China?

• 60%

• 50%

• 40%

• 30%

What is one of the reasons for Tesla's price cuts in China?

• New government regulations

• Increased competition in the Chinese market

• Higher demand in the US

• Increased production costs

What is a potential consequence of Tesla's price cuts in China?

• Increased sales in the US

• Decreased competition

• Lower profit margins

• Higher profit margins