President Donald Trump is Rolls Royce Babybrawling with Chinese President Xi Jinping over trade, and the latest victims in their tariff squabble are prospective Tesla owners in China.
Prices for Elon Musk's electric cars are skyrocketing by at least $20,000 after China increased the car import tax by 40 percent last week. This hike comes about a week after China lowered the foreign car import taxes from 25 to 15 percent.
SEE ALSO: Tesla finally manages to produce 5,000 Model 3 cars in a weekAlthough some car labels like Ford may absorb the heightened costs to mitigate price increases, Tesla is so far the first American carmaker to raise its prices.
So the cheapest Tesla, the Model S sedan, now costs $128,500 compared to $107,400 before the tariffs went into effect, and the company's most expensive car, the fully loaded Model X crossover, costs $240,000 compared to its previous $200,000 price tag.
China is a major market for Tesla, and Tesla has long considered opening a factory in Beijing to avoid paying import taxes, but a solid plan hasn't taken shape. Musk said in November that manufacturing his electric cars in China remained a handful of years away, while he told shareholders that it could start as early as July this year.
The Tesla chief executive is, however, attending a government event in Shanghai today and will drop by Beijing later this week. Although we don't know what he's doing during his visits, we do know China in 2017 accounted for around 17 percent of Tesla's revenue, so Musk could be making money moves this week.
Topics Tesla Elon Musk
The Kindle Scribe just dropped to its lowest price ever, but is it worth it?
Polar vortex plunging into the U.S.: Get ready for dangerous cold
Tinder is launching an Apple TV version of its dating app
Amazon Prime Video launched in India for just Rs 499 a year
Scientists find supercolony of penguins on the remote Danger Islands
One dad was so confused by 'Pokémon Go' he made a short film about it
Apple's Support app is now available in the U.S.
This street performer dancing to the BBC news jingle is simply glorious
Why Building a Gaming PC Right Now is a Bad Idea, Part 3: Bad Timing
Motorola's first all
Hidden Siri Commands and Unusual Responses
The first people to fly in space over the poles got this stunning view
Kanye West is at Trump Tower and *throws up arms* we're done
Microsoft bot lets you create your own horrific celebrity combinations
NYT Strands hints, answers for May 2
This street performer dancing to the BBC news jingle is simply glorious
Twitter suspends account lobbying against black deaths in police custody
Apple's BeatsX wireless earphones delayed until February 2017
Stop Preordering Video Games
This new fingerprint tech could be the death of the iPhone home button
How to search Reddit comments within a postThe Hamburger: An American LyricWhy does everyone want to delete their Instagram account?The Moment of the TilesBest Black Friday outdoor deals 2023 at REI, Lowes, Home Depot, Cabela’s, and Bass Pro ShopsSonos is getting into headphones, report claimsWhy does everyone want to delete their Instagram account?The Soul of W. E. B. Du BoisA ‘Walden’ for the YouTube AgeBest Black Friday deals: Sales live at Best Buy, Walmart, and TargetBest Black Friday vacuum deals for Thanksgiving 2023: Shark, Dyson, and moreThe Soul of W. E. B. Du BoisThe Sultan, the Armenian, and the Gaslight MysteryThree Days'One's gotta go' and Microsoft Edge: The 7 funniest tweets of the weekCooking with Naguib MahfouzDisplacing the Displacement Novel: V. S. Naipaul’s ‘In a Free State’How Do You Judge Je Ne Sais Quoi?33 Best Black Friday deals under $50A DACA Poet Speaks Out Anthony Scaramucci joined Team Trump, then started deleting old tweets xHamster's new 'night mode' will make falling asleep to porn easier than ever There's no choice but to turn your grief into a fight for Ruth Bader Ginsburg's legacy An artist is turning stretch marks into powerful works of art How to help protect Ruth Bader Ginsburg's Supreme Court seat until the election North Korea will soon be off limits to U.S. travelers Nicki Minaj has no idea how to use Snapchat and it's hilarious Twitter encourages mask That 'Futurama' guy is now the White House Communications Director Beached whale in Paris turns out to be an art piece 'Ellen' returns, addresses workplace allegations in new monologue Kate, William and Harry want to connect with you on LinkedIn Business witches of Instagram: How sorcery found a commercial home on social media Apple's smallest new iPhone will be called iPhone 12 mini, leaker claims NBC's Peacock finally arrives on Roku two months after launch An exit interview with Sean Spicer Trivial Pursuit saw the Trump presidency coming decades ago How to reduce remote learning burnout in kids Madame Tussauds reinstates Beyoncé wax figure after lighting adjustments Bug lovers celebrate National Moth Week by posting photos of the colorful, fuzzy creatures
2.2169s , 8195.7109375 kb
Copyright © 2025 Powered by 【Rolls Royce Baby】,Miracle Information Network