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Tesla Slashes Prices in China

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Tesla Slashes Prices in China

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Entertainment (now)

14 Views • Nov 24, 2018

Description

According to Business Insider, Tesla was sliding Friday, down 3% to below $328 a share, after the company announced that it was cutting prices on some vehicles in China to help offset some of the impact from President Donald Trump's trade war.
Reuters reports that the electric-car maker announced on Thursday that it was slashing prices on its Model X and Model S vehicles in China by 12% to 26% to make them more "affordable.