A second-gen Tesla 2 will be cheaper than its $65,000 price tag in Hongkong this week, Tesla said on Monday.
Tesla announced the second-quarter earnings results earlier on Monday, which showed the carmaker recorded a revenue of $1.04 billion, up from $1 billion a year earlier.
The company said that the revenue increase was due to the sale of new vehicles and a strong performance of its Model S, Model X and Model 3 sedan.
The third-generation Model 3, due for delivery in 2019, is also expected to increase its profit.
In September, Tesla announced that it would raise the cost of the Model 3 to $100,000 from $70,000.
Tesla said at the time that the price increase was necessary because it was difficult to raise the money to make the cars in volume to meet demand.
The company also announced a new electric-car brand in Hongdong, Teslarati.
The name was revealed after a collaboration between Tesla and China’s Huawei, a telecommunications equipment maker.