Asian Tech Press (Sep 30) -- Tesla denied that China-made Model 3 and Model Y would undergo significant price cuts.

Sources said that Tesla's China-made Model 3 and Model Y would be subject to significant price cuts, with the price of Tesla's leading model in China, the Model Y, slashed by up to 40,000 yuan, and the starting price of Model Y Rear-Wheel Drive (RWD) could drop to 270,000 to 290,000 yuan.

In response to rumors of significant price cuts, Tesla said Friday that the news is not true.

However, another person familiar with the matter revealed that in order to push for deliveries at the end of the quarter, Tesla's China-made models can recently benefit from an 8,000 yuan insurance subsidy.