Tesla Raises Prices For Some Vehicles In China
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U.S. electric vehicles maker Tesla Inc 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.
The starting price for the Model X sport utility vehicle (SUV) was now 809,900 yuan ($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.
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 U.S.-made cars take effect.
Questions & Answers
Q.Which models saw a price increase in China?
Which models saw a price increase in China?
Tesla raised the price of its Model X sport utility vehicle and the long-range dual-motor variants of its mass-market Model 3 vehicles. Other models were not mentioned as part of this price adjustment.
Q.What is the new starting price for the Model X SUV in China?
What is the new starting price for the Model X SUV in China?
The Model X sport utility vehicle now has a starting price of 809,900 yuan in China. This is an increase from its previous price of 790,900 yuan, as stated by Tesla.
Q.Why did Tesla decide to increase vehicle prices in China?
Why did Tesla decide to increase vehicle prices in China?
Tesla's decision to raise prices for some vehicles in China comes as the Chinese yuan is trading at its weakest levels in over 10 years. This economic factor likely influenced the adjustment.
Q.Could there be further price increases for Tesla vehicles in China?
Could there be further price increases for Tesla vehicles in China?
People familiar with the matter indicated that Tesla might increase prices again in December. This further hike would occur if Chinese tariffs on U.S.-made cars come into effect.
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