Exclusive: Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say
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Tesla plans to produce a lower-cost version of the Model Y in Shanghai to regain market share in China amid a price war. The new model will cost at least 20% less to produce.
March 14, 2025 | 5:15 am
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Tesla is set to produce a more affordable Model Y in Shanghai, reducing production costs by at least 20% to boost its competitiveness in China.
Tesla's move to produce a cheaper Model Y in Shanghai is a strategic response to a price war in China, its second-largest market. This could enhance Tesla's competitiveness and potentially increase its market share, positively impacting its stock price.
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