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Tesla lowers prices in China



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published on December 15, 2018 |
by Steve Hanley

December 15, 2018 of Steve Hanley


Tesla announced on December 16 that it reduces the price of model S and model X in China in response to China's decision to roll back its 40% duty on cars imported from the US to the 15% level previously applicable. According to CNBC, The Chinese authorities' decision is temporary. The new course will come into force from 1 January to 31 March. Then we will see.

The two nations agreed at the G20 conference in Argentina earlier this month to stop their 90-day-war war as they try to reach a long-term trade policy agreement. It is still unclear what, if anything, the leaders of the two countries agreed that in Argentina, other than a plan to continue talking.

The CNBC The report says "China accounted for 17.2 percent of Tesla's total revenues in 2017, but only 6 percent in the third quarter due to the effect of the duties, [according to] CFRA analyst Garrett Nelson. "Tesla is working hard to get his new factory in Shanghai as soon as possible to avoid the hassle of the model 3 and the upcoming Y crossover model.

As far as we know, models S and Model X will continue to be built exclusively at the Fremont California factory, which means they will continue to be mortgage in the tariff game. Elon Musk tweeted earlier this year to customs making sales in China as "competing in an Olympic competition wearing lead shoes."


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Tags: China, China Auto Tariffs, Tesla, Tesla China, Tesla Model S, Tesla Model X, Tesla Prices, Tesla Prices In China, Tesla Stock Price, Trump Tariffs, Wecdbush Securities


About the author

Steve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and somewhere else Singularity can take him. His motto is "Democracy is Socialism". Do you have a problem with that?

You can follow him on Google+ and beyond Twitter.



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