Tesla lowers price of China Model 3 to undercut BMW and Mercedes in strategic play

Teslarati
By Randell SubaJan 3, 2020, 1:52 am202 pts
Tesla reduced the price of its Rear-Wheel Drive Made-in-China (MIC) Model 3 to RMB 299,050 or $42,919 after government subsidies. The price of the mass-produced electric sedan was initially pegged at $50,000, but in a surprise update on Friday, the Elon Musk-led electric carmaker lowered its price beneath a…

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