SHANGHAI, Jan 7 — Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier.
Videos posted on social media showed crowds at Tesla stores and delivery centres in other Chinese cities from Chengdu to Shenzhen, suggesting wider consumer backlash. While established automakers often discount to manage inventory and keep factories running when demand weakens, Tesla operates without dealerships and transparent pricing has been part of its brand image.
Zhang said police facilitated a meeting between Tesla staff and the assembled owners at which the owners handed over a list of demands, including an apology and compensation or other credits. He added the Tesla staff had agreed to respond by Tuesday. File photo of Tesla China-made Model 3 vehicles seen during a delivery event at its factory in Shanghai, China January 7, 2020. — Reuters picOther videos appearing to be of Tesla owners protesting were also posted to Chinese social media platforms on Saturday.
Analysts have been positive about the potential for Tesla’s price cuts to drive sales growth at a time when it is a year from announcing its next new vehicle, the Cybertruck.
Source: Loan Digest (loandigest.net)
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