Trade War Increases Tesla Prices By Over $20,000 In China

Prices of Tesla vehicles sold in China have increased by over $20,000 thanks to the ongoing trade war between the United States and China.

The Wall Street Journal reports that prices on Tesla’s website jumped by almost 20 per cent over the weekend, shortly after the two countries imposed tariffs on $34 billion of each other’s goods. This has made U.S.-built Tesla vehicles significantly more expensive in China.

The Tesla Model X is now priced at the equivalent of $140,100, much more than the $117,100 it was sold for previously. The Tesla Model S now demands $128,400, approximately $21,000 more than it cost last week.

The Model S and Model X were already very expensive in China.

In response to the 25 per cent tariff the U.S. implemented on $34 billion worth of Chinese imports, the Asian superpower bumped its tariff on electric cars from 15 per cent to 40 per cent.

Tesla chief executive Elon Musk will meet with Chinese officialsBeijingnghai and Baijing this week.

If the tariffs remain in effect for the long-term, Tesla may be encouraged to accelerate its plans to make a production facility in China to dramatically reduce the costs of its vehicles. Last year, Musk said that the electric automaker has a rough target of starting production in China within the next three years. By Musk’s initial plans, a Chinese plant would serve the local market as well as some of the surrounding region.

Tesla’s Chinese factory will primarily focus on building the Model 3 and upcoming Model Y crossover but would also build examples of the Model S and Model X.

more photos...
  • Spyder Hole Fantome


Nanny No More: Simple Hack Lets You Do Donuts In A Tesla Model S

A bug in Tesla’s sofware lets owners disable stability control and regenerative braking, but without the electronic safety net, they’re out there on their own.

2017 Ford GT Comes With An Eye-Watering $1.3 Million Price Tag

Ford GTs are slowly entering the used car market after their two-year no-sale contracts are starting to expire.

2020 Toyota Granvia MPV Gets AUD $62,990 Starting Price

With space for the whole family, the Granvia will launch in Australia on October 14 in six- and eight-seat versions.

Jeep Cherokee Gets T-Boned After Running Through Red Light

According to the police, the driver of the Jeep was distracted and didn’t notice the red light; thankfully, no one was seriously hurt.

EPA Revokes California’s Emissions Waiver, Launches “One National Program Rule”

States will now longer be able to set their own fuel economy and emission standards.

One-Off Toyota Century Convertible Is Fit For An Emperor

The Century Convertible will make its debut at the coronation ceremony for Emperor Naruhito on October 22nd.

VW Updates Car-Net App Offering Remote Start, Other Connected Features

VW’s new smartphone application is available for free for five years with each new vehicle and will be updated to communicate with smart home devices.

Mysterious Lamborghini Prototype Spied, Could Be The Huracan Performante Evo

Huracan Performante Evo is expected to have a new touchscreen infotainment system and an upgraded V10 engine.

Next-Gen Mercedes-AMG GT Could Be A Hybrid With All-Wheel Drive

Thanks to an EQ Boost starter-alternator, higher end versions of the next-generation GT could have 650+ hp.

2020 Jaguar E-Pace U.S. Lineup Welcomes $46,400 Checkered Flag Edition

For the 2020MY, the E-Pace also gets Apple CarPlay and Android Auto across the range as standard.