Tesla has introduced cash incentives for locally produced vehicles in China to boost sales before the end of the third quarter. Customers who order and take delivery of inventory Model 3 and Model Y vehicles by September 30, 2026, can receive cash reductions of up to ¥10,000.
All Model Y inventory variants qualify for a ¥10,000 reduction in the final payment. All Model 3 inventory variants receive a ¥5,000 reduction. Additionally, Tesla is offering a limited-time paint option benefit of ¥8,000 for selected Model 3 and Model Y variants, including the Model Y L.
The Model 3 Rear-Wheel Drive, Long Range Rear-Wheel Drive, and Long Range All-Wheel Drive variants qualify for an insurance subsidy of ¥8,000. For these same variants, customers can apply for interest-free loans for up to 5 years with a down payment starting at ¥79,900. Low-interest financing for 6 to 7 years is also available, with annual fee rates as low as 0.5%.
After all incentives, monthly payments start at ¥2,377 for the Model 3 and ¥2,894 for the Model Y with a down payment of ¥79,900. Tesla also listed three charging benefits and specific financing offers for the Model Y and Model Y L, depending on the variant and configuration.
Tesla China's August wholesale sales were 86,166 vehicles, a 3.57% year-on-year increase but a 7.92% decrease from July. Cumulative wholesale sales for the first 8 months of the year reached 647,694 vehicles, up 25.63% year-on-year. However, domestic deliveries in China have been under pressure.
In July, Tesla delivered 27,249 vehicles in China, domestic deliveries fell 12.44% year-on-year to 266,204 vehicles in the first 7 months of the year. Model 3 deliveries declined 32.66% to 68,533, while Model Y deliveries fell 2.27% to 197,671.
