Tesla raises prices for some vehicles in China
The starting price for the Model X sport utility vehicle was now $114,186 compared with 790,900 yuan previously
A Tesla sales and service center is shown in Costa Mesa, California, US, June 28, 2018. PHOTO: REUTERS
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.
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.
Tesla owner lawsuit claims software update fraudulently cut battery capacity
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.
Elon Musk to launch China unit for tunneling company this month
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.