Tesla will raise prices in China again

The American company says that the price increase will correspond to the RMB against the dollar, but the price

may take off again due to new duties imposed as part of the trade war between China and the United States.

Why did it happen

Last week, China announced the introduction of newduties on US imported goods totaling $ 75 billion. Moreover, there are plans to reintroduce a tax on American cars, which was suspended in December. The new regulation will also impose an additional duty of 10% on certain models and brands of cars, as well as auto parts, a duty of 10%. If the act enters into force, the price of American auto products (including the cars themselves) will jump by 50%.

What to do Tesla

Tesla had to adjust prices on its owndue to changes in taxation, however, he sees the only right way out for the construction of an assembly shop in Shanghai, which has already begun. According to the company's plans, the workshop should produce 500,000 Tesla machines a year. Nevertheless, they plan to start production only closer to 2020.