In Pictures: Tesla cuts Model 3 and Model Y down payments in China to 39,900 yuan with new zero-interest financing plan

Tesla's new China financing offer applies to select Model 3 and Model Y variants ordered through November 30.

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The incentive halves the minimum down payment to 39,900 yuan as Tesla works to revive flagging China deliveries.

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Tesla pairs the lower down payment with five-year zero-interest financing and a balloon payment.

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The promotion runs from October 30 to November 30 amid four consecutive months of year-on-year delivery declines.

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Tesla's China sales slump has prompted aggressive financing incentives to lure buyers.

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Buyers placing orders during the one-month window can access the reduced down payment terms.

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The offer targets the Model 3 and Model Y, Tesla's volume-selling models in China.

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Tesla faces mounting competition in China's EV market as domestic rivals expand their lineups.

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The zero-interest plan marks Tesla's latest effort to boost orders in its key China market.

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