Tesla eyes price hikes in China

Aug. 07, 2019 8:05 AM ETTesla, Inc. (TSLA)TSLABy: Clark Schultz, SA News Editor147 Comments
  • 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.
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