Teslas China-made model 3 can be priced in $ 43,400- $ 50,700 range: Bloomberg

FILE PHOTO: A Model 3 Tesla vehicle navigates in the morning with the car's auto-pilot feature in Los Angeles, California, USA March 20, 201[ads1]9. REUTERS / Mike Blake / File Photo

(Reuters) – Tesla Inc Considers Pricing Its China-produced model 3 vehicle between 300,000 yuan and 350,000 yuan ($ 43,331 – $ 50,670) before subsidies, Bloomberg reported Tuesday, referring to people who are familiar with the case.

The final prize is still being prepared, says Bloomberg and quotes a source.

The electric car manufacturer currently delivers Model 3 vehicles from the United States to sell in China.

Tesla reckons its factory in Shanghai, which is planning to start production this year, to produce Model 3 cars, as it seeks to expand its order and increase sales in the world's largest EV market.

Tesla was not immediately available for comment on the pricing, but an announcement is expected May 31, according to a social media post of the company.

Reporting of Rishika Chatterjee in Bengaluru; editing of Uttaresh.V

Our Standards: Thomson Reuters Trust Principles.

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