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Tesla cuts China prices after tariff drop on U.S.-made cars

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Reuters BEIJING
Last Updated : Dec 14 2018 | 6:15 PM IST

BEIJING (Reuters) - Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars. According to the electric carmaker's Chinese website, the price of certain Model S cars was cut by up to 105,000 yuan ($15,200), and Model Xs by up to 65,000 yuan. China's finance ministry said on Friday it would suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019. [B9N1Y5018]

($1 = 6.8980 Chinese yuan renminbi)

(Reporting by Beijing Monitoring Desk and Adam Jourdan; Editing by Mark Potter)

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First Published: Dec 14 2018 | 6:02 PM IST

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