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Tesla lowers prices in China as trade war takes toll

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Tesla Inc. lowered the prices of the Model S and Model X in China, seeking to boost sales after the trade war with the U…
Tesla Inc. lowered the prices of the Model S and Model X in China, seeking to boost sales after the trade war with the U. S. hit demand in the world’s biggest car market.
Prices for the models were lowered by 12 percent to 26 percent, the company said in a statement Thursday. The Model S sedan now starts at 782,900 yuan ($113,000) while the Model X sport utility vehicle is priced from 861,800 yuan, according to its website.

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