Tesla(US:TSLA) Mei Ri Jing Ji Xin Wen·2025-08-12 09:04Core Viewpoint - Tesla officially launched the Model 3 Long Range Rear-Wheel Drive version with a range of 830 kilometers (CLTC) at a starting price of 269,500 yuan, with expected deliveries in September [1] Group 1: Product Launch and Features - The Model 3 Long Range Rear-Wheel Drive version offers various purchase incentives, including a 5-year interest-free loan, 8,000 yuan insurance subsidy, and free transfer of smart driving assistance services for orders placed before August 31 [1] - The current lineup of Model 3 includes four variants priced from 235,500 yuan to 339,500 yuan, featuring different battery types and capacities [1] Group 2: Market Competition and Sales Performance - The Chinese electric sedan market is becoming increasingly competitive, with Tesla facing pressure from competitors like Xiaomi's SU7 and Xpeng's P7 [4] - In July, Tesla sold 9,851 Model 3 units in China, a 40.8% month-over-month decline, while cumulative sales from January to July reached 102,000 units, marking a 26.5% year-over-year increase [4] - Year-to-date sales for Tesla in China reached 432,000 units, down 13.6% compared to the same period in 2024 [4] Group 3: Future Product Strategy - Tesla's product line adjustments are seen as a key factor in declining sales, with the upcoming Model Y L expected to be priced around 350,000 yuan, potentially boosting sales [4] Group 4: Autonomous Driving Technology - Tesla's Full Self-Driving (FSD) feature has faced slow promotion in China, with a significant update planned for September that promises major improvements [5] - The company continues to pursue a pure vision-based approach for autonomous driving, despite industry skepticism regarding the technology's current limitations [5][6] Group 5: Market Capitalization - As of August 11, Tesla's stock price rose nearly 3%, closing at $339.03 per share, with a total market capitalization of $1.09 trillion [7]