Tesla Model Y Now Available for Purchase by Chinese Government in 2025 – Prices Within SUV Limits
For the first time in 2025, the Chinese government is authorized to buy Tesla vehicles, specifically the Model Y, as prices fall within government procurement limits. Discover the latest updates on Tesla's market performance and government adoption.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading news teams to cover major global stories.
Highlights
- In 2024, the Chinese government is permitted to purchase Tesla vehicles for the first time.
- The Paper, a state-owned news source, confirms Beijing’s eligibility to acquire Tesla Model Y SUVs.
- Tesla shares have surged this week, nearing their 2023 closing levels for the first time since January.
In an unprecedented move, Tesla (TSLA) vehicles have become eligible for acquisition by the Chinese government, marking a new milestone in 2024.
According to Reuters and other outlets, citing The Paper, China’s official media, the Model Y’s starting price complies with the government’s SUV procurement thresholds, enabling this historic purchase.
This development coincides with a positive week for Tesla’s stock, which rose approximately 0.8% in mid-morning trading and is holding steady for the year.
On Tuesday, Tesla reported impressive second-quarter deliveries totaling 443,946 units. Although this reflects a 5% year-over-year decrease, it surpassed market expectations. Following this, Wedbush and Bank of America upgraded their stock price forecasts.
Wedbush analysts hailed the delivery figures as a pivotal moment after a turbulent start to 2024, while Bank of America highlighted that the introduction of more affordable EV models is expected to boost sales volume throughout the year.
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