Tesla cuts China prices after tariff drop on US-made cars

Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.

According to the electric carmaker's Chinese website, the price of certain Model S cars was cut by up to 105,000 yuan ($15,200), and Model Xs by up to 65,000 yuan.

China's finance ministry said on December 14 it would suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019. [B9N1Y5018]

($1 = 6.8980 Chinese yuan renminbi)