Tesla says its move regarding the Model Y in China is not a price cut, but the first sale of the China-made version, according to Beijing News.

On January 1, the China-made Tesla Model Y went on sale, with the long-range and performance versions priced at RMB 339,900 and RMB 369,900 respectively, down RMB 148,100 and RMB 165,100 respectively from the previous imported versions.

After the announcement, the order page on Tesla's website was down for a while. Tesla China said on Weibo that its official website order page were temporarily unable to refresh due to the surge of visits.

Then there were rumors that China-made Model Y orders exceeded 100,000. However, Tesla insiders said that the figure was exaggerated, but indeed sales were hot.