Tesla today lowered the starting price of the Model S and Model X in China both by 8,000 yuan (USD 1,132).

The starting price of the Model S in China was cut from 764,900 yuan to 756,900 yuan.

The starting price of the Model X was cut from 780,900 yuan to 772,900 yuan.

Tesla produced 82,272 vehicles in the second quarter, down 20 percent from the first quarter. It delivered 90,650 vehicles in the second quarter, better than the market estimate of 83,071 units.

A total of 10,600 of these units were delivered for the Model X and Model S. The total deliveries of Model 3 and Model Y were 80,050 in the quarter.

Late in May, Tesla announced that it will reduce the price of all models on sale in North America, and in the Chinese mainland. The Model S and Model X, which are imported models, will also reduce their base prices.

Tesla said the price of the imported Model S and Model X will be reduced by 29,000 yuan at that time.

Tesla said that in order to adapt to China's new energy subsidy policy, the base price of the Chinese-made Model 3 standard range upgrade was adjusted in early May, and the base price is now 271,550 yuan after subsidy.

The Model 3 Long Range and Performance versions have also completed their corresponding price confirmations. Therefore, the China-made Model 3 models are not included in this price adjustment.