Tesla lowered the price of its Shanghai-made Model 3 Standard Range to 249,900 yuan ($36,800).

Tesla lowered the price of its Shanghai-made Model 3 Standard Range to 249,900 yuan ($36,800). Earlier reports said that the price cut was made possible by new batteries which enabled the Model 3’s price cut by 10% than before.

Price of Model 3 Standard Range in Germany is about 43,000 euro ($48,000).