Tesla Cuts Prices In China. Bears Are Likely to See Demand Problems.

Electric-vehicle maker


Tesla


looks to be cutting prices in China, the largest market for new cars and new electric vehicles on the planet. Trading Monday will give investors some idea of how the market views the move.

Tesla


Chinese website on Sunday showed lower prices to buy Tesla vehicles. A Model Y, for instance, now starts at about 289,000 Chinese yuan (about $39,500). A little while ago, the Model Y started at about $43,000.