Tesla pulls a slick sales move in China, lowers Model 3 price to fit new subsidy limit

Tesla has just dropped the price of its Model 3 in China so that it continues to be eligible for subsidy money. The news comes days after the Chinese government announced that it was reducing subsidies. The electric vehicle company announced the move earlier today, Reuters reports. Previously the standard Tesla Model 3 cost 323,800 yuan ($45,800), but with a 10% price reduction and a 20,250 yuan ($2,900) subsidy, it now costs 271,550 yuan ($38,463). [Read: Tesla’s self-driving tech will pivot to subscription service — good shit, or just shit?] In 2015, the Chinese government said it would get rid…

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