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Tesla raises car prices in China - Electrek

Auto News - Published on Wed, 11 Jul 2018

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Reuters reported that Tesla Inc has raised prices on its Model X and S cars by over USD 20,000 in China, automotive news website Electrek reported, making it one of the first US carmakers to hike prices in the wake of rising trade tensions.

China slapped retaliatory tariffs on US car imports in response to President Mr Donald Trump's move to impose tariffs on USD 34 billion worth of Chinese goods.

Tesla has been banking heavily on China to boost sales of its electric cars and had planned to build a factory in the country, which is also the largest automotive market.

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Posted By : Rabi Wangkhem on Wed, 11 Jul 2018
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