Tesla cuts China prices after tariff drop on U.S.-made cars

BEIJING (Reuters) - Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-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 U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019. [B9N1Y5018]
($1 = 6.8980 Chinese yuan renminbi)
(Reporting by Beijing Monitoring Desk and Adam Jourdan; Editing by Mark Potter)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 14 2018 | 6:02 PM IST
