Tesla cuts China prices after tariff drop on US-made cars
Reuters | Saturday, 15 December 2018
Tesla Inc (TSLA.O) has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on US-made cars.
According to the electric carmaker’s Chinese website, the price of certain Model S cars was cut by up to 105,000 yuan ($15,200), and Model Xs by up to 65,000 yuan.
China’s finance ministry said on Friday it would suspend additional tariffs on US-made vehicles and auto parts for three months starting January 1, 2019.