tesla has cut the price of its cars in china again after deliveries fell sharply in december the stock was more than 5 down in early premarket trading friday the electric vehicle maker’s model 3 is now priced at 229000 yuan or around 33000 according to the company’s website while the model y has been reduced to 259900 yuan 37886 in october tesla cut the price of a model y in china to about 39500 from 43000 earlier in the year while a model 3 was recently priced at around 38500 before the latest cuts