Tesla China: Offers three year, interest-free loans for refreshed Model Y

Tesla China’s announcing a three year interest rate loan for their refreshed model why.

They also offer five year interest free loans for model 3 Rearwheel Dr., long-range trim before April 30.

The company is fighting a tumble in sales in China.In China, where Shenzhen-based BYDis the biggest-selling EV brand, Tesla’s sales have fallen 49%.

Shares of Tesla currently trading down $16.27 or -6.14% at $247.56. Last week the price gap higher and tested its 200 day moving average at $287.04. However the price fell into the close on Friday with the price closing at $273.13. The high price last week reached $291.85 on Thursday.

The price decline today has now filled the gap from the close on Friday, March 21 to the open on Monday on March 24. That gap was between $249 and $256. The low price today has reached $243.36.

This article was written by Greg Michalowski at www.forexlive.com.