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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 is, in many respects, one of the biggest and most influential figures in modern-day artificial intelligence.
Given that Tesla, SpaceX, and xAI are all looked at in their respective fields as leaders to an extent, each of them has a heavy influence on the future of AI, even though two of them are not thought of, at face value, as AI companies.
Musk has grand expectations for what is to come with AI, not only as a form of assistance to make human lives easier, but to make humans multiplanetary and solve some of the biggest issues that face us today. But even he is astounded by AI’s pace of progress.
He believes that in two years, AI will be so mind-blowing it might be unrecognizable.
Given that AI from 2 years ago feels so old that it should be in a museum, then obviously AI 2 years from now will be mind-blowing https://t.co/TcsKZ8o8OE
— Elon Musk (@elonmusk) July 30, 2026
This progress can be seen in a variety of ways, but perhaps the most popular way people have shown AI’s progress, especially on social media, is through an incredibly arbitrary way of watching Will Smith eat spaghetti:
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The progression in AI of Will Smith eating spaghetti (2023 – 2026) pic.twitter.com/VDv82mB5gs
— internet hall of fame (@InternetH0F) February 10, 2026
This is a great way to show people how AI is improving, especially from a perspective that examines how it can manufacture images and video from prompts. AI is an incredibly complex concept, however, and it goes much deeper than Will Smith eating Italian food.
Musk’s most widely adopted method of AI is likely Tesla Full Self-Driving, which impacts millions of people as they utilize it to increase safety with their travel. Musk has routinely pushed incredibly aggressive timelines for self-driving, especially unsupervised.
Perhaps this perspective is why he feels that things will be solved in a timeframe that is much more aggressive than most of us would think. Regardless, the progress of AI is moving fast, and it seems that Musk’s expectations for it could be high.
But if it can actually achieve full-length motion pictures and even more realistic production value, it will be hard to distinguish between reality and AI very soon.
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Tesla just officially confirmed it has built its 10 millionth car, a major milestone for the company that started producing sustainable electric powertrains less than two decades ago.
In that time, Tesla has truly revolutionized the automotive industry, disrupting the idea of what a car should be, how it should be fueled, and how it truly impacts day-to-day life.
10 million vehicles produced globally.
Congrats to all Tesla teams! pic.twitter.com/JkcraR63bs— Tesla Manufacturing (@gigafactories) July 30, 2026
Tesla achieved this feat across four production facilities: the Fremont Factory in Fremont, California, Gigafactory Shanghai in China, Gigafactory Berlin in Germany, and Gigafactory Texas in Austin, Texas.
The 10 millionth vehicle was a Diamond Black Model Y.
Over the course of the past roughly 18 years, Tesla has evolved its lineup from a sporty sedan built on a Lotus body to a lineup of various body styles, performance metrics, and other characteristics that make each one unique.
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This is an incredible achievement for a company that is young compared to what it goes up against. When Tesla entered the automotive market, Ford, GM, and Stellantis widely dominated the playing field. Since then, Tesla has caused such a disruption that these three massive brands had to scramble to create EV projects of their own.
Despite their best efforts, they have not been able to match the prowess or the effectiveness of Tesla. They are all reliant on Tesla’s charging infrastructure, their software is inferior, and their self-driving projects are elementary in comparison.
Tesla felt its fair share of growing pains over the years as well. As recent at 2019, there were complaints about build quality, paint quality, and overall luxuriousness. These things have all been improved upon through the company’s maturity, and these strides in quality have led to this 10 million vehicle production achievement, something that other small-and-scrappy EV makers will hope to accomplish one day.
SpaceX just picked up another $1.6 billion from the Pentagon, with the U.S. Space Force awarding two task orders worth $1.6 billion to fly 18 Falcon 9 missions from Vandenberg Space Force Base in California through the end of 2027. The launches will carry satellites for the Space Based Sensing and Targeting portfolio, a set of programs meant to help the military detect and track airborne threats and relay that information across forces in near real time.
The award falls under National Security Space Launch Phase 3 Lane 1, the Space Force’s faster, commercial style procurement track for missions that do not require the military’s most demanding certification process. It is also the largest single order publicly disclosed under that program so far, and the first task order issued since the Space Force nearly tripled Lane 1’s contract ceiling from $5.6 billion to $17 billion on July 17.
SpaceX to become America’s Military data backbone for missiles, drones, and warfighters
Eric Zarybnisky, the Space Force’s acting portfolio acquisition executive for space access, said the entire process, from identifying the requirement to signing the contract, took about two months, including a month set aside for companies to prepare proposals.
SpaceX is not just launching these satellites. It already holds the contracts to build two of the programs within the same portfolio, $4.16 billion for the Space Based Airborne Moving Target Indicator system and $2.29 billion for the Space Data Network Backbone, which Teslarati covered in May. That means SpaceX is now responsible for both building key pieces of the military’s next generation sensing network and getting them into orbit.
With this latest award, SpaceX’s Pentagon contract total for 2026 alone tops $8 billion, adding to a defense portfolio that already includes the Golden Dome missile defense software group SpaceX joined in April and a string of GPS launches it inherited after ULA’s Vulcan rocket ran into a booster anomaly, which we detailed in March.
Lane 1’s vendor pool technically includes seven companies: SpaceX, ULA, Blue Origin, Rocket Lab, Stoke Space, Impulse Space, and Relativity Space. In practice, SpaceX remains the only provider with the combination of launch cadence, flight proven Falcon 9 hardware, and West Coast infrastructure to support a campaign requiring roughly one Vandenberg launch a month for the next year and a half.
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Some lawmakers have flagged the growing concentration of national security launches with one company as a risk worth watching. For now, the Space Force keeps backing SpaceX, with it being the company that shows up ready to launch.
Elon Musk has a crazy prediction about AI in two years
Tesla just built it 10 millionth car
