Tesla cut the first payment for the current model to $1,000 and is non-refundable.

On the morning of July 22, Tesla China changed its first payment logic, cutting the original 20,000 yuan to 1,000 yuan and changing it to non-refundable non-transferable. This was originally the owner’s first payment to a Tesla model, also known as a deposit, which was previously set at $20,000 and was refundable.

Three series, Model 3/S/X, which are now available in China, have applied this pricing logic, and Model Y, which has not yet started to be available, is still a 20,000 yuan deposit and can be refunded at any time. (Zi Jian)

Tesla cut the first payment for the current model to $1,000 and is non-refundable.