Tesla has announced a temporary price reduction for its Model Y vehicles in China, effective until December 31.

Buyers of the rear-wheel drive and long-range all-wheel drive versions can receive a 10,000 yuan (US$1,380) discount on the final payment.

Additionally, a five-year financing option with 0% interest is available for these models.

In China, the Model Y rear-wheel drive version is priced at 239,900 yuan (US$33,127).

With an initial down payment of 79,900 yuan (US$11,033), the monthly installments are approximately 2,667 yuan (US$368.2).

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