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

    Yawn…

Mid-Engine 2020 Corvette C8’s Order Guide Leaks On The Web, But Is It Real?

A set of screenshots allegedly reveals the options list of the upcoming Corvette C8.

Everything You Wanted To Know About McLaren’s Iconic F1 In A 40-Minute Video

Bet you didn’t know Gordon Murray had Kenwood design an ultra lightweight CD changer specifically for the F1.

Liberty Walk-Bodied Lamborghini Aventador Wants To Look Like A Racer

Apart from the bolt-on fenders, rear wing and other bodywork additions, this Aventador also sports a racecar-like wrap.

Highly-Tuned, 600HP Audi TT RS Is Truly A 10-Second Car

There are much more powerful cars out there, but Audi’s compact coupe has the advantage of all-wheel drive.

Ford GT Does A Standing Mile Run, Hits A Nice, Round 180 Mph

The Ford GT was unleashed at the Johnny Bohmer Proving Grounds to see what it’ll do with the pedal to the metal.

Pulse Orange Audi Q3 Sports A Colorful Alcantara Interior

If you’d rather have something more special than the default white/black/silver on your Q3, that’s a nice hue.

BMW X7 Excels At Being Both A Family Hauler And An Executive Limo

It won’t have your heart racing, but the X7 excels at being a luxurious, spacious and extremely comfortable ride.

Study Suggests Millennials Buck The Trend Of Trucks And SUVs

Of the 10 most popular vehicles driven by millennials, only two of them weren’t sedans.

Tesla Sues Zoox And Ex-Employees, Accuses Them Of Stealing Company Secrets

Tesla claims former employees stole documents related to certain procedures and its Autopilot system.

Golf GTI TCR Is Volkswagen’s Hot Hatch At Its (Very) Best

The TCR is, in all likelihood, VW’s sendoff to the seventh-gen Golf GTI – and it’s pretty darn special.