Tesla Cuts Price of Chinese-Made Model 3

Taking advantage of new battery options and big government subsidies, Tesla (NASDAQ: TSLA) has slashed its Model 3 prices in China. The company's Chinese website is now advertising a base price for the popular battery-electric sedan of 249,900 yuan, or roughly $36,800.

While this is big news for the company in its efforts to remain dominant in the Chinese market, U.S. consumers won't be affected...at least, not yet. 

Image source: Tesla.

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Source Fool.com