Tesla China offers cash discounts for some Model Y types Reuters via biedexmarkets.com

© Reuters. FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo

BEIJING (Reuters) – Tesla (NASDAQ:) China is offering 8,000 yuan ($1,114) of cash discounts from Thursday for some types of Model Y vehicles, it said on its official social media account.

Tesla has also upgraded the Model Y in China with Hardware 4.0, its latest generation of hardware capable of powering its Full Self-Driving advanced autonomous driving function.

($1 = 7.1794 )