Tesla Stores In China Reportedly Flooded With Orders After Model 3 Price Cut
Tesla Inc (NASDAQ: TSLA) has set in motion the plans to expand battery production and lower prices following its battery day event. This is already being seen in a price reduction of the Model 3 in China, along with a switch to new LFP batteries.
Now it seems that customer traffic triggered by the price decrease could be overwhelming Tesla employees in China.
Wonder how crazy MIC Model 3 sales was on the first day of price cuts. According to a sales rep, all stores were flooded with new orders and store employees hardly had time for meals & communicating with customers. Q4 will be insane. pic.twitter.com/vHN4CsrMor
— RayTesla (@ray4tesla) October 1, 2020
Benzinga's Take: It looks like Tesla is working on an impressive number of deliveries to kick off the fourth quarter.
Tesla is expected to announce third-quarter deliveries in the next few days and is aiming to deliver over 500,000 vehicles in 2020.
Related Links:
Tesla Analyst: China 'Star of the Show,' Automaker Set To Beat Q3 Delivery Forecast
Tesla Slashes China-Made Standard, Long Range Model 3 Prices
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