Tesla Unveils Price Of Upgraded Model 3 In China
Portfolio Pulse from Anan Ashraf
Tesla Inc has launched the upgraded Model 3 with a longer range in various geographies, including China. The refreshed Model 3 rear-wheel drive is priced at 259,900 yuan (nearly $35,769) in China, 12% higher than the previous model. The new Model 3 has a range of up to 629km on a single charge, LED lighting, a rear touchscreen, and a better sound system. It is currently available in China's Mainland, Japan, Malaysia, Australia, New Zealand, Europe, and the Middle East.
September 01, 2023 | 3:58 am
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Tesla's launch of the upgraded Model 3, priced higher than the previous model, could potentially boost the company's revenues. The improved specifications and wider availability may also enhance the company's competitive position in the EV market.
The launch of the upgraded Model 3, priced higher than the previous model, indicates Tesla's strategy to enhance its product offerings and potentially increase its revenues. The improved specifications such as longer range, LED lighting, and better sound system could make the Model 3 more attractive to consumers, potentially driving sales. The wider availability of the Model 3 across various geographies could also expand Tesla's market reach, strengthening its competitive position in the EV market.
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