Musk's EV companies have announced discounts

It appears like Tesla is determined to incite a price war in China.

This week, Tesla has chosen to lower its prices once more in China.

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which has caused some to wonder what Elon Musk and his EV companies are actually doing,

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The cost of the Model S sedan has been reduced by the American EV manufacturers.

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and Model X SUVs that they now have on hand by up to 70,000 yuan (about $9,600 USD).

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On Wednesday, the information was released via their official WeChat account.

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Tesla already reduced the cost of the Long Range and Performance variants of the Model Y SUV by 14,000 yuan just two days ago.

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Additionally, they continue to offer insurance subsidies for the Model 3 sedan's base model.

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