Tesla to raise prices in China on August 30 as trade war escalates

  • Tesla will raise prices in China on Friday, earlier than the company initially planned. 
  • The company could hike prices again in December should tariffs on U.S.-made cars take effect. 
  • Tesla is just one of many companies feeling the impact of the U.S.-China trade war.

U.S. electric vehicle maker Tesla will raise prices in China on Friday, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect, people familiar with the matter said.

The people declined to be identified as the plan has not been made public. A Tesla representative did not immediately respond to Reuters’ request for comment on Monday.

The company is among many impacted by Sino-U.S. trade friction. It currently imports all the cars it sells in China and has had to adjust prices multiple times over the past year due to tariff changes.

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