09 Jul '18, 3pm

Tesla hikes prices in China in first response to trade war

2014 Tesla Model S in China Enlarge Photo In a move largely seen as the first response to a trade war that has broken out between China and the United States, Tesla has hiked prices of its Model S and Model X luxury cars in China. According to a report in the Nikkei Asian Review , Tesla raised the price of the Model S from about $107,000 to $127,000. On June 30, the Trump Administration announced investment restrictions on Chinese companies, along with 25-percent tariffs on airplane tires, airplane and marine engines, nuclear reactors and parts, industrial dishwashers, boilers, and dryers, among a host of other products. China retaliated by imposing tariffs on pork, soy beans, and electric cars. DON'T MISS: Report: Tesla moves to set up operations in China Teslas are the only American electric cars currently sold in China. China is the largest market for electric cars, and...

Full article: https://www.greencarreports.com/news/1117620_tesla-hikes-...

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