Tesla Extends 0% Interest Loan Offer In China Amid Sales Pressure: Details
Portfolio Pulse from Nabaparna Bhattacharya
Tesla, Inc. (TSLA) has extended its 5-year, 0-interest loan offer for car purchases in China until August 31 to prevent a decline in sales. This incentive applies to specific variants of the Model 3 and Model Y. The extension aims to maintain sales momentum amid reduced purchase incentives.
July 23, 2024 | 1:32 pm
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Tesla has extended its 5-year, 0-interest loan offer in China until August 31 to prevent a decline in sales. This move is aimed at maintaining sales momentum amid reduced purchase incentives.
Extending the 0-interest loan offer is likely to boost short-term sales in China, which is a significant market for Tesla. This move should help maintain sales momentum and support the stock price.
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