Tesla Lowers Prices On Some Model S, X In China As Import Tax Drops
Because the future is uncertain, customers are expected to rush to stores.
Prices decreased by up to 105,000 yuan (around $15,200) in the case of the Model S and up to 65,000 yuan (around $9,400) in the case of the Model X. Hopefully, it will translate into a higher sales result in December and early 2019. The long-term results are dependent on whether the 15% tariff will be maintained.
The price cuts don’t include top of the line models P100D.
Chinese import tax on cars from U.S.:
- For a long time it was 25%
- Decreased to 15% for a while in 2018
- Increased by 25% in July 2018 to 40% because of the trade war with U.S.
- From December 3, 2018 temporarily decreased to 15%
Tesla officially lowered the prices (Model S And X) in China: some models have cut prices by more than 100,000 RMB, a drop of 11%
— Vincent (@vincent13031925) December 14, 2018