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Tesla raises car prices in China - Electrek


(Reuters) - Tesla Inc has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions.China slapped retaliatory tariffs on U.S. car imports in response to President Donald Trump's move to impose tariffs on $34 billion worth of Chinese goods.Tesla has been banking heavily on China to boost sales of its electric cars and had planned to build a factory in the country, which is also the largest automotive market.The company in May slashed up to ...

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First Published: Mon, July 09 2018. 17:06 IST