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Tesla China launches new low-interest promos on Model Y, Model 3
New zero- and low-interest financing terms arrive for both the Tesla Model Y and Model 3.
Tesla China has launched new promotions on the recently released Model Y refresh and the Model 3, offering special zero-interest loans for the next few weeks.
On Monday, Tesla began offering zero-interest loans with one- to three-year terms on purchases of the new Model Y, available between April 1 and 30 on the company’s order configurator. In addition, the automaker is offering a one- to five-year interest plan with annual rates as low as 1 percent when buyers make a down payment of at least RMB 45,900 (~$6,325).
Tesla China’s April 2025 Model Y promotions
Credit: Tesla China
You can read more details on Tesla China’s zero-interest promotion below, as detailed on the order configurator page and translated into English from Chinese.
Rejuvenated Model Y rear-wheel drive version, long-range all-wheel drive version – limited-time 0-interest/low-interest loan scheme
Customers who purchase the new Model Y rear-wheel-drive version/long-range all-wheel drive version/long range during the event from April 1, 2025 to April 30, 2025, and deliver and pay in the order before the expiration date of the vehicle, customers who meet the application qualification can apply for the following financial preferential schemes:
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- Starting from RMB 79,900, you can enjoy a 1 to 3 year 0 interest plan
- From the down payment of RMB 45,900, you can enjoy a 1- to 5-year low-interest program with an annual rate of 1.00 percent (from 1.84 percent).
Tesla China’s April 2025 Model 3 promotions
Credit: Tesla China
The company is also offering five-year, zero-interest financing for the Model 3 RWD and AWD Long Range, and you can see the terms for the zero- and low-interest Model 3 promotions and others below:
Model 3 rear-wheel drive version, long-range all-wheel drive version – limited-time 0-interest/low-interest loan solution
Customers who purchase a designated version of the Model 3, long-range all-wheel-drive version, long-range all-wheel-drive version, and delivery and payment terms in the order during the event from April 1, 2025 to April 30, 2025, customers who meet the eligibility requirements can apply for the following financial preferential schemes:
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- Starting at RMB 79,900, you can enjoy a 1 to 5 year 0 interest plan
- Starting from RMB 45,900, you can enjoy a 1 to 5 year low interest program with an annual rate of 0.5 percent (from 0.92 percent per annum)
Additionally, Model 3 buyers can get discounted rates on home charging equipment, or a six-year Supercharging package offering up to 30,000km (~18,641 miles) of charging for free.
Tesla posts an onboarding tutorial video for its customers in China, starring the new Model Y.
Here comes the new Model Y ramp!pic.twitter.com/Dm8NQsdQGj
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-— TESLARATI (@Teslarati) March 5, 2025
READ MORE ON TESLA CHINA: Tesla China seems to have overtaken Q1 2024’s registrations with new Model Y ramp
Tesla first launched the refreshed Model Y in China in January, debuting the refaced vehicle with a special “Launch Edition” series that came with special badging and an extra two years or 40,000km (~24,855 miles) of warranty time. Deliveries of the Launch Edition Model Y began in China late last month, and Tesla officially transitioned to selling non-Launch models in the first few days of March.
For the Chinese market and several others, Tesla produces the Model Y and Model 3 at a Gigafactory in Shanghai. In recent weeks, reports have suggested that Giga Shanghai may also be looking to produce an even cheaper version of the new Model Y without some of the extra add-ons, perhaps not unlike the cheaper Model 3 that launched in Mexico last August.
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Elon Musk
The real reason Elon Musk wants every car connected to space
Elon Musk says all cars will eventually need Starlink to handle massive AI bandwidth demand.
Elon Musk is making the case that satellite internet, not fiber or cellular towers, will end up wired into every car on the road. In a string of posts on X, the SpaceX CEO wrote that all cars will have Starlink in the future and called satellite connectivity the only way to get super high bandwidth to billions of vehicles.
The posts started with Musk endorsing a Cloudflare forecast that traffic generated by autonomous AI agents will soon dwarf traffic generated by humans browsing the internet, a shift he described as not a close call at all. From there he narrowed the argument to infrastructure, writing that the only system that can support the insanely fast bandwidth growth needed by AI is Starlink, before extending the logic to cars specifically.
AI agentic Internet traffic will obviously VASTLY exceed human usage. Not a close call at all.
Cloudflare’s forecast is accurate. https://t.co/VztgrinN5k pic.twitter.com/Wo4FiRKjPU
— Elon Musk (@elonmusk) August 9, 2026
The timing lines up with Tesla’s own hardware decisions. On July 20, Tesla confirmed the Cybercab would ship with a Starlink V5 terminal built into its roof, the first time the company had put satellite hardware in a production vehicle. A day later, Tesla’s head of AI, Ashok Elluswamy, explained the connection wasn’t there for safety and that Cybercab’s driving stack runs entirely on onboard cameras and compute, while the satellite link exists for navigation, customer service, and fleet management instead. Musk followed with his own post about the feature, saying riders would be able to watch 4K streaming video during rides.
By July 22, Musk had already said Starlink would extend beyond Cybercab to Tesla’s full lineup. Sunday’s posts push that same logic outward again, this time framed as a requirement across the industry rather than a feature specific to Tesla, and tied directly to the bandwidth AI systems are expected to consume.
SpaceX’s newest Starmind will make earth data centers obsolete
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The AI argument has been building on SpaceX’s side for months. The company has an FCC filing pending for a third generation Starlink constellation, and it has separately proposed Starmind, a constellation of up to a million satellites designed to run AI computation directly in orbit rather than just relay data. Musk has said he expects space to become the cheapest place to deploy AI compute within two to three years. Starlink and Starmind serve different jobs inside that vision, one moving data and the other processing it, but Sunday’s posts treat vehicles as one more category of hardware that will eventually need both.
None of this changes anything for Tesla owners today. Cars already on the road keep running on LTE and Wi-Fi, and Tesla hasn’t outlined a retrofit path for existing vehicles. The July 22 commitment applies to future production, not the fleet already delivered. What Musk added on Sunday is the reasoning: satellite connectivity isn’t a Cybercab novelty, it’s a bet that ground based networks won’t keep up with how much data cars, robots, and AI systems are about to generate.
Elon Musk
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.
The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.
Introducing Liner Truck 3 — our latest fully electric tunnel vehicle.
– Tesla Model 3 battery and drive units
– Transports 22,000+ lb of concrete segments to the boring machine
– 28 miles of range
– 12 mph max operating speed
– Remotely piloted from Global OCC in Texas, with… pic.twitter.com/XB7FgSXnpy— The Boring Company (@boringcompany) August 7, 2026
The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.
The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.
The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.
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It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
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The real reason Elon Musk wants every car connected to space
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