Tesla (TSLA) China to offer time-limit insurance and loan incentives for Model 3

Tesla (NASDAQ: TSLA) China announced, via its official Sina Weibo account Friday, that the electric automaker is offering a limited-time incentive for the China-made Model 3.

The company announced that from June 16th to 30, customers who purchase and successfully take delivery of the locally-produced Model 3 RWD will be eligible for an insurance subsidy of 8,000 yuan and preferential interest rate loan options. This development presents an enticing opportunity for potential Tesla buyers, as they could potentially save on upfront costs.

What makes this incentive unique is Tesla's emphasis on "immediate delivery", hinting that consumers do not have to wait for delivery cycles. This has led to speculation among industry watchers that Tesla may be clearing its inventory of domestically produced Model 3s in anticipation of a new model release.

Shares of TSLA are up 0.86% in mid-day trading on Friday.

By Michael Elkins | [email protected]

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