Tesla raises prices for some vehicles in China
FILE PHOTO: The Tesla logo is pictured on a car during the electric car E-Rallye Baltica 2019 in Bauska, Latvia, July 23, 2019. REUTERS/Ints Kalnins/File Photo
The starting price for the Model X sport utility vehicle is now 809,900 yuan , versus 790,900 yuan previously, according to Tesla’s China website on Friday. The U.S.-China trade frictions and a tit-for-tat tariff war between the countries has prompted Tesla, which currently imports all the cars it sells in China, to adjust its prices multiple times over the past year.
People familiar with the matter told Reuters earlier this week that Tesla would hike prices due to the currency uncertainty and could do so again in December should Chinese tariffs on U.S.-made cars take effect.
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