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Tesla Cuts Prices in China as Trade War Bites

Vlad Kovalenko in Technology

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Vlad Kovalenko    + 115

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Tesla is slashing prices in China for the second time this year, taking a bigger hit from the country's trade war with the United States in a bid to protect sales.

The electric carmaker announced that it will slash prices of its Model S sedan and Model X SUV by between 12% and 26%, even though higher Chinese tariffs on US autos have made it more expensive to import cars.

https://www.reuters.com/article/us-tesla-china/tesla-cuts-china-car-prices-to-absorb-hit-from-trade-war-tariffs-idUSKCN1NR0A6

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