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Tesla hikes electric car prices in US to boost profit; holds line in China

Tesla posted record vehicle deliveries in the second quarter, and the price increases in North America boosted quarterly profits to a record.

Topics
Tesla Inc | Electric Vehicles | electric cars

Reuters 

Tesla Inc showed signs of divergent strategies in the world's two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there. Tesla raised prices for the most affordable versions of Model 3 and Model Y about a dozen times this year in the United States, according data tracked by Reuters. At the same time, Tesla recently introduced an affordable Model Y version in China, where it refrained from price cuts. Tesla posted record vehicle deliveries in the second quarter, and the price ...

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First Published: Wed, July 28 2021. 22:32 IST
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