Chinese owners who purchased Tesla vehicles last year 2022 are infuriated after missing out on additional discounts.
The automotive and clean energy company on Friday cut the prices of some of its vehicle models by 6% to 13.5%, following a stiff competition in the EV industry.
Having missed out on the additional discount, some Chinese owners who had earlier purchased the vehicles before the price was slashed, are currently demanding some kind of compensation from Tesla which has been followed by protests that happened in cities which include, Xi’an, Beijing, Shenzhen, and Chengdu.
Some of these owners disclosed that they were made to believe that there was no further discount that would be slashed, noting that many were looking to take advantage of a nationwide Electric Vehicles (EVs) subsidy that expired last year.
However, a spokesperson at Tesla disclosed that there was no plan to compensate buyers for the discount they missed.
It would be recalled that on January 6, 2023, Investors King reported that automotive and clean energy company Tesla slashed the price of its vehicles in China, following an impressive financial report.
The company saw lower-than-expected worldwide vehicle shipment numbers, which forced it to reduce the prices of its model 3 and model y vehicles in China.
The model Y price which is currently at CNY 229, 900 ($33,415) was slashed down from CNY 265,900, while the model Y which is currently priced at CNY 259,000 ($37,775) was slashed down from 288,900.
This made it the second time in 3 months that Tesla is slashing the price of its vehicles in China after reports disclose that it was the company’s way of rethinking its China sales strategy.
The company previously slashed prices in China in late October last year, in a bid to prop up sales and its competitive edge against rivals as the company’s vice president Grace Tao disclosed that the price adjustment was necessitated to boost demand.