• 3 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 5 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 31 mins Rethinking election outcomes for oil.
  • 4 hours The Leslie Stahl/60 Minutes Interview with President Trump
  • 12 hours China leaders meet to discuss proposed 5 year economic plan.
  • 22 hours Clean Energy Is Canceling Gas Plants
  • 15 hours The City of Sturgis Update on the Motorcycle Rally held there, and the MSM's reporting hence
  • 17 mins Australia’s Commodities Heartland Set for Major Hydrogen Plant
  • 16 hours Saudi Oil Minister Abdulaziz said getting rid of oil "Far Fetched and Unrealistic". . True. . . but
  • 25 mins Video Evidence that the CCP controls Joe Biden
  • 2 hours Biden calls President Trump George . . . He confused Trump with George Bush. Folks this is scary.
  • 15 hours Irina Slav has a good article - Regarding Investors & Oil
  • 17 hours America's Frontline Doctors - Safely Start Living Again!
  • 17 hours Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
  • 2 days OP article : "Trump blasts Biden Fracking Plan . . . "
  • 2 days GAME CHANGER: MIT Startup Commonwealth Fusion says Commercial Product by early 2030s ! THIS CHANGES EVERYTHING..
  • 2 days Biden denies fracking ban
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

China-Made Tesla Sells In 3-Minute Blitz

Tesla launched on Friday pre-orders for its China-made Model 3, pricing it well below the imported Model 3 and saying deliveries from the Shanghai factory will begin in six to ten months.  

Days before Tesla announced its prices for the made-in-China Model 3, the EV maker was said to be considering pricing its flagship electric vehicle at between US$43,400 (300,000 Chinese yuan) and US$50,700 (350,000 yuan) before subsidies.

On Friday, Tesla priced its China-made Model 3 at US$47,500 (328,000 yuan) for the Standard Range Plus version, below the price of Model 3 that Tesla already sells on the Chinese market, at prices starting at US$54,600 (377,000 yuan).

Currently all Tesla cars sold in China are made in the United States and then shipped to China, which adds logistics costs, import tariffs, and the risk of additional tariffs if the trade war further escalates. The imported Tesla vehicles are not eligible for subsidies either.

According to reports in the Chinese media, the first pre-order for a China-made Tesla Model 3 was completed in just three minutes after registration was launched on Friday morning local time. Tesla’s Chinese website crashed for a while due to the traffic, according to China Daily.

Tesla’s made in China Model 3 crushes Chinese-made fossil fuel-powered rivals in the same class such as the BMW 3 Series and the Mercedes C-Class, according to CleanTechnica’s Maximilian Holland.

In January this year, Elon Musk joined the mayor of Shanghai for the groundbreaking ceremony of Tesla’s first factory outside the U.S. and in the world’s largest EV market, China.

Tesla has started the construction of a production facility in the world’s top EV market in order to be able to compete on a level playing field with a growing number of local EV manufacturers. As a U.S.-made vehicle, Tesla’s cars in China have been subject to steep tariffs, and sales have suffered from the U.S.-China trade war.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Phil Mirzoev on June 03 2019 said:
    Trump should like that success of Tesla in using Chinese labor and then sweetly selling those cars back to the US thankful market.. Not only should Trump like it but probably he will not miss a chance to appreciate those achievements of Tesla with some special trading rewards.. Wait for a twit..

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News