There was major increases in Tesla Model S and Model X prices
It seems the trade war with China finally caught up with Tesla. For a while, it looked like the U.S. based automaker would avoid the harsh reality of increased prices, stemming from the high import tariffs imposed by the Chinese government. The same tariffs that have been headlining both the US and Chinese news channel reporting these past few days. – insideevs
Recently, the Tesla was preparing a massive push within China. Coming as a direct result of a 40% reduction in import duties earlier this year, which arrived just in time for the Model 3 launch date.
For Tesla, the plan was simple: ride the wave of reduced import duties until they could open up a local Tesla factory in China. The automaker even set up a new local company in the Shanghai Free-Trade Zone.