Tesla eyes price hikes in China
- Tesla (NASDAQ:TSLA) is considering raising vehicle prices in China after September, sources tell Reuters.
- The potential action by the EV automaker follows a devaluation in the yuan to past the key 7.00 per USD mark and a new tariff threat from President Trump on Chinese imports.
- Tesla aims to start producing Model 3s out of its Shanghai gigafactory as early as this year.
- Shares of Tesla are flat in premarket action at $230.77.