Tesla has lowered the price of the rear-wheel-drive version of its long-range Model 3 in China weeks after introducing the variant.
The Model 3 Long Range RWD, launched on August 12, now costs 259,500 yuan ($36,400), down from 269,500 yuan ($37,800).
The sedan has a driving range of 830 kilometers (515 miles) under the China Automotive Test Cycle standard, making it Tesla’s longest-range model.
According to vehicle registration data, the company led by Elon-Musk sold about 5,200 units in the first week after launch.
The figures allowed the model to rank eighth nationwide, but much lower sales in the second week brought the longest-range Model 3 out of the top 30.
The company logged 10,300 insurance registrations in China during the week of August 18–24, down 26.4% from the previous week and 27.5% from a year earlier.
Data for the fourth week of August will be released on Tuesday, September 2.
For the third quarter to August 24, registrations were up 47.9% from Q2 but 12.1% lower year-on-year.
After eight weeks, the quarter is tracking 14.1% below Q4 2024, Tesla’s best quarter in China — data compiled by X user ‘Piloly’ showed.
Between January 1 and August 24, the company’s registrations stand 6.7% lower compared with the same period in 2024.
Across all variants, the Model 3 recorded 94,000 units in last six months in China, placing 18th among all vehicle sales.
Model Y ranked third with 177,000 units.
Over the first seven months of the year, Tesla saw its deliveries in China dropping 6.3% year-on-year to 304,000 in the seven months through July, according to data from the China Passenger Car Association.
In the United States, a Tesla executive said the company may soon raise prices for the Model Y as demand accelerates ahead of the September 30 expiration of a $7,500 federal EV tax credit.
The potential U.S. price hike comes as automakers step up efforts to lock in orders before incentives expire.
The Internal Revenue Service last month clarified that consumers and businesses will still qualify for credits if they sign a binding contract and make a payment, such as a deposit or trade-in, before September 30, under guidance related to the “One, Big, Beautiful Bill Act” (OBBBA).
