Tesla wins tax exemption in China ahead of price increases
The tax break will make the cars cheaper overall despite higher selling prices.
Tesla has been awarded a sales-tax exemption for vehicles sold in China, allowing the company to increase its retail prices without buyers paying more overall.
The government has waived the 10-percent purchase tax for numerous Model 3, Model S and Model X configurations.
The exemption coincides with across-the-board price hikes, raising the Model 3 entry point by 10,000 yuan (~$1,400 USD) to 439,900 yuan (~$61,470 USD). The Model X has experienced a similar jump of a few percent to the equivalent of $113,170 USD).
Sources recently told Reuters that Tesla is prepared to increase the numbers again if China follows through on its threat to levy more tariffs on US-manufactured vehicles imported to the country.