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Tesla cuts China prices after tariff drop on U.S.-made cars

Reuters

BEIJING (Reuters) - Tesla Inc <TSLA.O> 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 Friday it would suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019.

(Reporting by Beijing Monitoring Desk and Adam Jourdan; Editing by Mark Potter)