Tesla China is offering insurance subsidies, giving buyers in the Asian country more reasons to be happy with access to their car as a lower price, as reported by The Paper.
While the company has successfully shortened wait times to as little as one week, it has also begun offering buyers that take delivery between September 16th and 30th a subsidy of RMB 8,000 or $1,140 USD/$1,521 CAD.
The subsidy is only available however if they purchase insurance in store from Tesla.
The offer is available to all made-in-China Model 3s and Model Ys. The former starts at RMB 279,900 while the latter starts at RMB 316,900.
The subsidy offer practically amounts to a price cut for lucky buyers. There have been reports of upset buyers that couldn’t take advantage of the cost saving on social media.
Based on last month’s sales figures, a lot of buyers could potentially take advantage of this offer. In August Tesla sold 76,965 vehicles built at Giga Shanghai, of which 34,502 were sold domestically in China according to data from the China Passenger Car Association (CPCA). The remaining units were exported to other countries.
That figure was within inches of their all-time sales record of 78,906 vehicles that were sold in June 2022.
Giga Shanghai has become the largest Tesla Gigafactory in the world, with an annual capacity of around 1 million units following an expansion and upgrades to the production lines that began in July.