Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to heighten competition in mainland China’s premium electric vehicle (EV) segment. The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland...