The US carmaker Tesla Motors announced to slash deposits Chinese customers have to pay for Model3, Model S and Model X to CNY1,000 today yesterday, while these deposits are neither refundable nor transferable. Customers are also required to take the car within 180 days. Customers were asked to pay a refundable deposit of CNY20,000 - CNY30,000. This is regarded as Tesla ’s tactics to keep sales momentum in the face of intensifying competition and reductions in the government’s electric vehicle (EV) subsidies. Tesla also stressed that the long-range and high-performance version of Model 3 with prices over CNY300,000 ， will not be subsidized.