Tesla Offers $420 Shopping Vouchers to Lure Shanghai Car Buyers

(Bloomberg) — Tesla Inc. is offering vouchers worth 3,000 yuan ($420) to new customers in Shanghai in conjunction with a local government incentive program aimed at boosting consumption and the flagging economy.

The Austin, Texas-based automaker, which has a huge factory in Shanghai’s Pudong New Area, is giving vouchers to 3,000 customers who order and register one of the company’s locally built Model 3 or Model Y electric vehicles in August.