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Tesla cuts China prices after tariff drop on US-made cars

Tesla cuts China prices after tariff drop on US-made cars
December 15, 2018
BEIJING (Reuters) - Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on US-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 it would suspend additional tariffs on US-made vehicles and auto parts for three months starting Jan. 1, 2019.