'I feel like I wasted my money.' Unhappy customers threaten Tesla’s image in China after its recent price cuts.
SHANGHAI—Tesla Inc. faces criticisms from Chinese customers complaining that they ended up paying thousands of dollars more for their new cars because they bought before the company’s recently enacted price cuts.
The backlash comes as the electric-vehicle maker is betting heavily on the country by building a factory in Shanghai. Tesla aims to start mass production of the Model 3 sedan next year, and ultimately wants to make 500,000 cars a year here to capitalize on China’s booming market for electric vehicles.
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