Tesla takes Price Cut in China to absorb Trade War effect

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Tesla takes Price Cut in China to absorb Trade War effect

Tesla Inc has resolved to reduce the price of 2 of its models, the Model X and Model S cars in China as at yesterday by an estimated 12% – 26% to make the vehicles more affordable in the world’s Top automobile Market.

This is amidst the ongoing Trade War which has increased the tariffs on U.S imports into the Country, Tesla not excluded.

The Car is expected to start from ¥540,000 (approx. $77,928.83) for the dual motor all-wheel drive version and ¥595,000 for the Performance version.

Image Credit:Reuters