NEW YORK -- Tesla cut prices for its Model 3 sedans worldwide on Tuesday including in China, as the company readies trial production of the electric vehicle at its Gigafactory in Shanghai.
American EV maker seeks edge as local rivals face challenges

Tesla vehicles are parked outside of a building at the Zhongnanhai leadership compound during a meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang in Beijing in January. © Reuters
NEW YORK -- Tesla cut prices for its Model 3 sedans worldwide on Tuesday including in China, as the company readies trial production of the electric vehicle at its Gigafactory in Shanghai.