Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.
Just weeks after the launch of the Model Y refresh, a slightly newer version of the five-year-old crossover, Tesla informed buyers on Sunday they can already have the car at a discounted financing rate. Interested buyers can qualify for a six-year loan at 1.99% if they put down $3,999 for the purchase of a long-range all-wheel-drive version. By contrast, financing rates for some of Tesla’s upscale models top 6%.
Prices in China:
BYD Atto 3: 16k USD.
BYD Seal: 25k USD.
Tesla 3: 32k USD.
Prices in Germany:
BYD Atto 3: 33k USD.
BYD Seal: 45k USD.
Tesla 3: 46k USD.
Comparing prices like you do just looks like bad faith. And I’m not saying this to support Tesla but to highlight that there is some serious BYD shilling going on here.
You want Tesla to compete? I guess the US already has prison slave labour and reduced safety measures for Teslas, it’s just missing some billions of US tax money flowing in and you got what you wished for.
Not a good idea? But China doing exactly that is OK, because US bad equals China good?
Maybe putting tariffs on chinese imported EVs (like the EU does) is the reasonable thing to do to protect your own industry and jobs.