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UPDATE 1-Tesla expands locally made line-up, helping reduce trade war impact [Reuters]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Reuters
Tesla expands locally made line-up, helping reduce trade war impact BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc ( TSLA.O ) said on Friday it has started China sales of two lower-priced Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not subject to import tax. The development comes at the tail end of a Sino-U.S. trade war characterised by tit-for-tat tariffs on goods and services as varied as metals and cars, bumping up prices of U.S. made goods in China. Tesla said it aims to start delivering Shanghai-made Long Range Model 3 cars from June this year, priced 339,050 yuan after subsidies. The rear-wheel drive variant, with a driving range of over 600 kilometres before need to be recharged, differs from the imported version which was all-wheel drive and priced at 439,900 yuan. The locally made Performance Model 3 will be priced at 419,800 yuan, the California-based company said without specifying the pr Show less Read more
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