The Model 3 has recently dropped in price again, attracting the attention of many car enthusiasts and consumers. However, this is not the first time the Model 3 has seen a price reduction. In fact, from October 2019 to October 2020, the car went through five price cuts within a year, with the price dropping from 355,000 yuan to 249,900 yuan, a decrease of nearly one-third in just one year.
However, this will not be the last price cut for the Model 3. According to reports, a Weibo blogger revealed that the price will drop to 199,000 yuan (about $30,000). Previously, industry insiders had predicted that the price was very likely to fall below 200,000 yuan.
Therefore, the rumor that the price was reduced to 199,000 yuan is very likely to be true this time. After all, with falling battery costs and Tesla’s expanding scale, the Model 3, being Tesla’s best-selling model, is bound to see another price reduction.
At the beginning of this year, only 30% of the Model 3 parts were produced at the Shanghai factory. According to Tesla’s plan, by the end of this year, all parts will be manufactured in China, which will inevitably gradually reduce manufacturing costs.
Related research reports indicate that once 100% of Model 3 parts are produced in China, the cost of the Standard Range version could be 29% lower than the U.S. version.
