Tesla (NASDAQ: TSLA) has launched a new round of limited-time incentives in China for orders placed through the end of October, seeking to attract buyers as local sales remain under pressure.

Customers who order on or before October 31 can receive a 5,000 yuan ($740) discount on the final payment for any Model 3 variant, or 7,000 yuan ($1,040) off select Model Y variants, Tesla said on Weibo on Friday.

The promotion also includes up to 5 years of interest-free financing, an 8,000 yuan limited-time paint option benefit and a choice of 3 charging benefits. Eligibility depends on the variant and promotion terms.

The Model 3 Rear-Wheel Drive, Long Range Rear-Wheel Drive and Long Range All-Wheel Drive variants also qualify for an 8,000 yuan insurance subsidy. The Performance All-Wheel Drive variant is excluded from the subsidy.

After applicable final-payment discounts and insurance subsidies, the Model 3 starts at 222,500 yuan, according to official promotional posters. The Model Y starts at 256,500 yuan after the final-payment discount.

Tesla's China website continues to list base starting prices of 235,500 yuan and 263,500 yuan for the 2 models, respectively, with the promotion offered through limited-time discounts and other benefits.

With a down payment of 79,900 yuan, monthly payments after applicable incentives start at about 2,377 yuan for the Model 3 and 2,944 yuan for the Model Y, the company said. Financing is subject to lender approval.

This is Tesla's latest sales incentive announcement this month. On September 7, the company offered final-payment discounts of 10,000 yuan for the Model Y and 5,000 yuan for the Model 3 to customers who purchase and take delivery of eligible inventory vehicles by September 30.

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