December 14, 2018 / 11:15 AM / 2 months ago

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

Cars pass by the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 3, 2018. REUTERS/Brendan McDermid

BEIJING (Reuters) - Tesla Inc (TSLA.O) 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.

Reporting by Beijing Monitoring Desk and Adam Jourdan; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below