SHANGHAI—Prospective Tesla Inc. buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market.
Tesla cut prices by 6 percent to 13.5 percent on Friday, bringing some of its auto prices to near BYD’s best-selling models in a step analysts said was a sign that a price war could be building as demand in China has faltered.
The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y were a week longer on Monday than on Friday, Tesla’s website showed. The wait as of Monday was two to five weeks on those models. The wait time for all versions of the Model 3 and the performance version of the Model Y remained at one to four weeks as of Monday….