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Core Viewpoint - Tesla has launched a "simplified" version of the Model Y, priced approximately 11% lower than the previous base model, with an estimated range of about 321 miles [1][2]. Pricing and Specifications - The U.S. standard rear-wheel drive Model Y is priced at $39,990, with a range of 321 miles as estimated by the EPA. The standard Model Y features manual steering wheel adjustment instead of electric adjustment [2]. - The standard rear-wheel drive Model 3 in the U.S. is priced at $36,990 [2]. Stock Performance - Tesla's stock price fell by 4.45% at the end of trading, erasing the gains from the previous day [5]. - The opening price was $447.82, with a highest price of $452.68 and a lowest price of $432.45. The trading volume was 102 million shares, and the total market capitalization is $1.44 trillion [6]. Sales Performance in China - Despite an overall increase in the domestic new energy vehicle market, Tesla's sales in China have declined. In August, Tesla's retail sales in China were 57,152 units, a year-on-year decrease of nearly 10% [8]. - For the first eight months of 2025, Tesla's cumulative sales in China were 361,179 units, down 6.9% year-on-year, with a market share of 4.8% [9]. Measures to Boost Sales - To stimulate sales in the Chinese market, Tesla has implemented several measures, including a financing plan for the Model Y with 5 years of 0% interest and a low monthly payment option [10][11]. - On September 1, Tesla reduced the price of the Model 3 with a range of 830 kilometers to 259,500 yuan, shortly after its release. Following these measures, Tesla reported a record global delivery of 497,000 units in the third quarter, a year-on-year increase of 7.4% [12].