Tesla China is already starting its Q1 2025 push

Tesla China has updated its promotions, offering a final payment discount for the Model Y and extending a zero-interest finance deal for qualified Model Y and Model 3 buyers in China.

Tesla China announced the new program in a post on its official Weibo account.

Discount details:

• With the recently announced discount in place, Tesla China has implemented an RMB 10,000 reduction on the final payment for existing Model Y vehicles. 
• The discount is effective from 8 am Beijing time on December 24, 2024. 
• Eligible models are the Model Y Rear Wheel Drive and Model Y Long Range All Wheel Drive.
• Inventory and showroom cars are included in the promotion. 
• Customized vehicles, test drive units, or official second-hand cars are not included in the program. 

Financing deal extension:

• Tesla China’s 5-year, zero-interest financing has been extended to January 31, 2025 as well. 
• The financing deal is available for the Model Y RWD, Model Y Long Range AWD, Model 3 RWD, and Model 3 Long Range AWD. 
• Customers who wish to take advantage of the 5-year, zero-interest financing are required to place a down payment of at least RMB 79,900. 

Context: 

• Tesla China’s recent sales push is an update from a similar offer announced in November, which was due to end by December 31, 2024. 
• The previous offer also included orders for customized vehicles, though the program had a strict delivery deadline of December 31, 2024.

Why it matters: 

• These adjustments come amid reports that Tesla would be ramping up the initial production of an updated Model Y at its Shanghai factory in January 2025. 
• The promotions may then be a way for the company to clear inventory before the updated Model Y hits the market.

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