That is true across all markets. The industry is in taters right now.
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I don't think other OEMs have set rates so low... Toyota is around 4.99% APR in the US, the average finance rate in China is 3.35% (although the BYD model Atto is 0% too). Tesla is being super aggressive to move their bigger than average inventory.
I think there is a real danger that Tesla grew too fast and has too many factories that will be under utilized as demand for Teslas soften. Under-utilization obviously costs money that they can't make back, especially with such low financing deals.