Jordan Daily – Tesla Inc is offering zero‑interest and ultra‑low interest rate loans on its Model 3, Model Y and YL vehicles in China as part of a time‑limited promotion aimed at bolstering demand in the world’s largest electric vehicle market, according to the automaker’s Chinese website on Tuesday.
Under the offer, buyers who place orders before Jan. 31 can take out zero‑interest loans for up to five years, or opt for longer seven‑year loans at ultra‑low financing rates, the Tesla site showed.
The moves mark the latest effort by the U.S. electric carmaker to stimulate sales amid slowing demand and intensifying competition from a growing roster of domestic rivals in China.
