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Last month, Tesla sold 70% fewer electric cars in China compared to October 2017, the Car Association of China announced. The agency pointed out that the collapse was due to the trade war between the United States and Podlabesky.
All Tesla production destined for the Chinese market is imported from the United States, and Beijing's reciprocal tariff of 40% increases the cost of electric vehicles in California, which are still expensive. This is occurring in the context of unprecedented growth in green car sales in China since the middle of the year.
In an effort to rebadure investors last week, Ilon Musk announced that Tesla would lower the prices of S and X models for the Chinese market in order to "make it more affordable" and limit the phenomenon. The company has already bought land for its future factory in Shanghai, the first outside the United States.
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