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Tesla Extends 0% Interest Loans in China to Boost Sales

Aug 26, 2024, 12:41 AM

Tesla has extended its 5-year, 0% interest loan offer for new Model 3 and Model Y purchases in China from the end of August to the end of September. This move is seen as a strategy to boost demand in China, as the company faces weaker sales in the U.S. The extension of the zero interest rate promotion is expected to help balance out the differing sales performance between the two markets. Tesla's decision to prolong this incentive indicates a focus on maintaining strong sales momentum in China.