Tesla offers $1,100 insurance subsidy in China amid slumping sales

Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV

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Tesla (NASDAQ:TSLA) is offering an 8,000 yuan ($1101.08) insurance subsidy on purchases of Model 3 vehicles in China in a bid to attract customers as intense market competition continues to disrupt the automaker’s share of China’s EV market.

The subsidy

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