Tesla's China-made Model 3 may be priced in $43,400-$50,700 range- Bloomberg

Credit: REUTERS/CHINA STRINGER NETWORK

May 28 (Reuters) - Tesla Inc TSLA.O is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan ($43,431-$50,670) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter.

The final price is still being worked out, Bloomberg said citing a source.

The electric carmaker currently ships Model 3 vehicles from the United States to sell in China.

Tesla is counting on its Shanghai factory, which is scheduled to begin production this year, to manufacture Model 3 cars as it seeks to expand its lineup and boost sales in the world's biggest EV market.

Tesla was not immediately available for a comment on the pricing, but an announcement is expected on May 31, according to a social media post by the company.

($1 = 6.9075 Chinese yuan renminbi)

(Reporting by Rishika Chatterjee in Bengaluru; editing by Uttaresh.V)

((Rishika.Chatterjee@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 99 7277 8938; Reuters Messaging: rishika.chatterjee.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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