Chinesebuilt Tesla Model 3 will be some 13 cheaper bypassing tariffs

first_img 2020 BMW M340i review: A dash of M makes everything better Sliding around in Teslas at the company’s Alaska proving… Tesla Model 3 barrels through the snow in Track Mode 10:51 Now playing: Watch this: 3 50 Photos Tags More From Roadshow Last week, Bloomberg published Tesla’s estimated costs for the upcoming China-built Tesla Model 3. Now, Tesla has confirmed some of these numbers, and it appears Bloomberg wasn’t too far off.Tesla said on Friday that it would price the locally built Model 3 for Chinese markets from 328,000 yuan (about $47,500). Bloomberg estimated the price at or just above 300,000 yuan (about $43,400) — it’s unclear if Bloomberg’s sources included value-added tax in the estimation, but the price mentioned above does include that tax, although it doesn’t include any subsidies.That money will get you a Tesla Model 3 with an estimated 286 miles of range, but buyers will have to be fine with waiting. Right now, delivery estimates are set at 6 to 10 months, since its Shanghai facility isn’t quite up and running yet. Considering the current cheapest US-built Model 3 in China is 377,000 yuan (about $54,600), thanks in part to the current round of trade-war tariffs, that’s a solid savings in exchange for a bit of patience.Chinese Model 3s will range in price from 328,000 yuan to 522,000 yuan (about $75,600). Buyers who want to save their spot in the queue will need to plunk down 20,000 yuan (about $2,900). There are also financing options available starting from 1,100 yuan (about $159) per month, according to Reuters. Teslacenter_img 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Preview • 2018 Tesla Model 3 Performance: The future, quicker Share your voice Electric Cars Future Cars Sedans Comments More about 2018 Tesla Model 3 Performance Review • Tesla Model 3 Review: Performance trim 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Teslalast_img

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