By Michael Elkins
Electric vehicle maker Tesla (NASDAQ:TSLA) announced that it will adjust the prices of its Model 3 and Model Y vehicles in Hong Kong by up to 14%. The price adjustments will take place on April 15th.
The biggest price reduction in this price adjustment is Model 3 Performance. The "one-for-one" price starts at CNY 440,335, a decrease of 14.7%. The second is the Model 3 long battery life version. The "one-for-one" price is CNY 399,485, a decrease was 11.06%. As for the Model Y long battery life version and Performance version, the prices will also be reduced by 8.7% and 9.03% respectively, to CNY 459,685 and CNY 487,205.
Only the Model 3 and Model Y rear-drive versions have remained unchanged in price, and the "one-for-one" prices start at CNY 341,200 and CNY 367,100 respectively.
Tesla also announced the launch of its Loot Box treasure box referral program. Every time relatives and friends use an exclusive referral link to purchase Tesla products, both parties can earn points to redeem rewards, including supercharging miles, products, and accessories.
Shares of TSLA are up 0.24% in pre-market trading on Wednesday.