Tesla Inc showed signs this week of divergent strategies in the world's two biggest automotive markets, raising prices to boost profit margins in ...
Tesla Inc showed signs this week of divergent strategies in the world's two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there.
But in China, the world's biggest electric vehicle market, Tesla faces fierce competition from local rivals and problems that include product recalls, high-profile protests by consumers and pressure from regulators. The Model Y version a price tag of 276,000 yuan . The company also has launched promotional campaigns in China such as loan offers.
The low cost of producing local EVs in China would have a lasting effect for Tesla, said Gene Munster at Loup Ventures.
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