Tesla opens Chinese preorders for cheaper Model 3s made in China

Tesla has started taking preorders of Model 3 cars produced at its new Gigafactory in Shanghai, China. Bloomberg reports that the cars, which are available to order exclusively in China, will have a base price of 328,000 yuan ($47,510), 13 percent cheaper than the model imported from the US for a price 377,000 yuan ($54,616). The Model 3s being produced in China are the Standard Plus versions of the vehicle with a range of 460km (286 miles). Tesla says that it expects to start making deliveries from the Shanghai factory in the next six to 10 months.

Tesla started making Model 3 deliveries in China back in March. These locally produced cars will allow the company to avoid import duties, which are becoming more of a problem as the Trump...

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