PALO ALTO, U.S. -- Tesla will once again lower the price of its standard range Model 3 sedans in China in order to qualify for the country's newly announced government subsidies for electric vehicles, the U.S. automaker said in its Wednesday earnings call.
Automobiles
Tesla cuts Model 3 price again to qualify for Chinese subsidies
US EV maker ends first quarter with surprise profit and record delivery in China
Tesla said it has the capacity to exceed its 500,000 vehicle delivery goal despite production interruption due to the coronavirus.
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