• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 2 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 4 hours Ecoside
  • 1 hour Oil at $40
  • 1 day Welcome To The Club: Apple In Talks With Potential Suppliers Of Sensors For Self-Driving Cars
  • 5 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 2 hours Japan’s Deflation Mindset Could Be Contagious
  • 5 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 1 day Guaido and the Conoco Award
  • 32 mins US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 32 mins Gas Flaring
  • 10 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
  • 32 mins Negative Gas Prices in the Permian
  • 1 day Trump Torpedos Oil Pipeline Haters
  • 22 hours Is Canada hosed?
Libya’s Fragile Oil Renaissance Is Under Threat

Libya’s Fragile Oil Renaissance Is Under Threat

Libya’s oil recovery under General…

Think Tank: Mexico’s New Refinery Already Doomed

Think Tank: Mexico’s New Refinery Already Doomed

Mexican President Andrés Manuel López…

Tesla Owners In Asia Protest Against New Massive Price Cuts

Tesla China

Tesla owners have staged protests outside Tesla stores and Superchargers in some parts of Asia after the electric vehicle (EV) maker announced last week massive price cuts, which means that existing customers for some models in some counties have paid by up to 40 percent more for buying their Teslas before the price reduction.

In Taiwan, for example, a Model S P100D now costs about half the price than it used to just a week ago, Electrek reports.

The price cuts that Tesla announced last week alongside the availability of the US$35,000 Tesla Model 3 will be welcome news for new buyers, but existing customers in Taiwan and in China feel that those massive price reductions have been unfair to previous customers.

“I received Tesla’s Model X on February 25, and I only drove this car for five days before Tesla announced a price reduction of 174,300 yuan ($25,989.87). I’m probably the most unlucky new buyer ... That’s unfair,” China’s Global Times quoted a user on Chinese social media as saying.

According to analysts who spoke to Global Times, Tesla’s frequent price changes in China would affect its sales on the world’s biggest EV market because customers could wait for more price reductions and hope for a locally produced Model 3 to roll out.

Last week, Tesla said that the long-awaited US$35,000 Model 3 was now available, but in order to “remain financially sustainable”, Tesla is shifting sales worldwide on online sales only, meaning it would be closing down stores.

“Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected,” Tesla said last week.

“Base Model 3 available in Europe in ~6 months, Asia 6 to 8 months. Latter contingent on Shanghai Gigafactory. Country-specific taxes & import duties mean price may be 25% or more above US number,” Elon Musk said last week.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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