Tesla Tries To Boost China Sales With Free Supercharging Miles After Price Cuts
Portfolio Pulse from Anan Ashraf
Tesla is offering free supercharging miles and price cuts to boost sales in China. New customers can get 5,000 km of free supercharging miles, while existing customers can get up to 1,200 km for tire replacements. This comes after a reported 18% year-over-year decline in sales of made-in-China EVs in April.
May 20, 2024 | 6:09 am
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Tesla is offering free supercharging miles and price cuts to boost sales in China. This move follows a significant year-over-year decline in sales of made-in-China EVs in April.
Tesla's incentives, including free supercharging miles and price cuts, are aimed at boosting sales in China, its second-largest market. This is a strategic move to counteract the 18% year-over-year decline in sales of made-in-China EVs reported in April. The short-term impact on TSLA's stock price is likely positive as these measures could drive higher sales volumes.
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