Tesla raises prices for some vehicles in China

SHANGHAI: US electric vehicles maker Tesla said on Friday it had raised prices for some vehicles in China, a decision that comes as the Chinese yuan trades at its weakest levels in more than 10 years.

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The starting price for the Model X sport utility vehicle was now $114,186 compared with 790,900 yuan previously, Tesla said on its China website. Its long-range dual-motor variants of mass-market Model 3 vehicles were now priced at 439,900 yuan, up from 429,900 yuan previously.

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People familiar with the matter told Reuters earlier this week that Tesla would hike prices on Friday and could do so again in December should Chinese tariffs on US-made cars take effect.