Tesla is slashing its prices in China again as tariffs bite

Тesla придется сократить цены на автомобили в Китае

Тesla придется сократить цены на автомобили в Китае

Tesla has said it is slashing the prices of its Model X and Model S sedan cars in China, as it attempts to absorb the hit from US President Donald Trump's ongoing trade war with the region.

The carmaker had raised the prices of its models in July by around 20 per cent after China imposed an extra 25 per cent tariffs on cars from the United States in response to U.S. tariffs on Chinese goods. It slashed them in May after Beijing announced it would cut tariffs on vehicle imports from 25% to 15%.

China has slapped USA carmakers with extra tariffs in recent months as the trade war with the U.S. escalates.

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China is the largest auto country in the world, so to completely abandon the sale of cars, the heads of Tesla have no right to, as it will lead to serious economic problems, including within the company.

Tesla said it chose to absorb a "significant" part of the tariffs that China charges on cars imported from the U.S.to make its vehicles more affordable. $77,928.83) for the dual motor all-wheel drive version and ¥595,000 for the Performance version. In the last month, the company has announced a plan of speeding up its factory's construction in Shanghai, due to increased shipping costs, missed incentives and tariffs which increase their production costs. Tesla's revenue from China doubled past year to more than $2 billion, accounting for almost 20% of the company's total. Last year, it sold 17,030 cars, accounting for 16.5 percent of its global sales, according to statistics from the China Passenger Car Association. The effect is to make the cars more "affordable" to Chinese consumers - even if it does mean that Tesla will make less money. Tesla is importing all the cars it now sells.

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