Tesla Offers Cash Incentives on Model 3 and Model Y in China
Tesla China announced on September 7 that customers who order and take delivery by September 30, 2026 can receive cash incentives of RMB 5,000 on Model 3 and RMB 10,000 on Model Y for in-stock vehicles. Existing promotions, including 5-year zero-interest financing and paint discounts, remain available. After all incentives, Model 3 starts at RMB 222,500, Model Y at RMB 253,500, and Model Y L at RMB 329,000. Tesla China's wholesale deliveries in August 2026 were 86,166 units.
Tesla China announced on September 7 that, for orders placed and vehicles picked up by September 30, 2026, all in-stock Model 3 variants (including the Performance version) are eligible for a cash incentive of RMB 5,000, while all in-stock Model Y variants (including Model Y L) qualify for a cash incentive of RMB 10,000. Existing promotional measures remain in place, including 5-year zero-interest financing, a limited-time paint option benefit of RMB 8,000, a choice of one of three charging benefits, and an insurance subsidy of RMB 8,000 for certain Model 3 variants. The offer applies to in-stock vehicles; Tesla's official website shows delivery times of 1-3 weeks for both the Model 3 and Model Y lineups.
After applying all available incentives, the Model 3 starts at RMB 222,500, with a down payment of RMB 79,900 and monthly payments from approximately RMB 2,377. The Model Y starts at RMB 253,500, with a down payment of RMB 79,900 and monthly payments from approximately RMB 2,894. The Model Y L starts at RMB 329,000, with a down payment of RMB 99,900 and monthly payments from approximately RMB 3,819. According to preliminary statistics from the China Passenger Car Association, Tesla China's wholesale deliveries in August 2026 totaled 86,166 units.