Tesla Raises Car Prices in China Amid Trade War

[Vlad Kovalenko + 115]

Tesla has raised prices on its Model X and S cars by over $20,000 in China, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. Those are significant price increases as the original 25% tariff was supposed to be reduced to 15%, but it was instead increased to 40% in retaliation for the US’s latest list of tariffs for Chinese products.  Tesla was doing fairly well despite the 25% import duties doubling its sales to over $2 billion in China last year.  But now the higher prices are expected to affect its sales until they can establish local manufacturing capacity and avoid the tariffs altogether.
 

[Cokiga Damke + 53]

That is why they are going to build in China. Shanghai factory will have a planned capacity of 500,000 vehicles per year

[Hajga Loma DK + 47]

Harley, BMW, GM, Tesla, and others moving outside the US

[JohnAtronis + 78]

On 7/9/2018 at 2:08 PM, Vlad Kovalenko said:

Tesla has raised prices on its Model X and S cars by over $20,000 in China, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. Those are significant price increases as the original 25% tariff was supposed to be reduced to 15%, but it was instead increased to 40% in retaliation for the US’s latest list of tariffs for Chinese products.  Tesla was doing fairly well despite the 25% import duties doubling its sales to over $2 billion in China last year.  But now the higher prices are expected to affect its sales until they can establish local manufacturing capacity and avoid the tariffs altogether.
 

move has nothing to do with Trump. These plans were made long before Trump's tariff. It will take them three years to start production and hopefully war will be done.

 

 

[李伟王芳 + 77]

1 minute ago, JohnAtronis said:

move has nothing to do with Trump. These plans were made long before Trump's tariff. It will take them three years to start production and hopefully war will be done.

 

 

Except that Shanghai is fast tracking both the approval and it's construction. They can do it in a tweet speed

[Joanna + 68]

6 minutes ago, JohnAtronis said:

move has nothing to do with Trump. These plans were made long before Trump's tariff. It will take them three years to start production and hopefully war will be done.

 

 

Although, tariffs could be the motivating factor in Tesla finally getting approval from Shanghai's government last week.