Tesla offers more incentives to buy its electric vehicles in the world’s largest EV market as it struggles to keep pace with Chinese competitors that have cut prices. The company said on Friday that it would give buyers in Shenzhen, a city near Shanghai where it makes its cars, a cash rebate of up to 7,000 yuan ($1,483) if they can supply a referral code from an existing owner. It also lowered the base price of its Model 3 sedan in China by 14% and the base price of its global best-seller, the Model Y, by 10%. The company has … Continue reading Teslas China Rebate Signals Intensifying Competition in EV Market