Beijing — Tesla has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported cars, a potential sales boost for the US firm as the world’s largest car market pivots towards electric cars. The carmaker would lower prices of its Model S and Model X cars by just over 6%, a Beijing-based sales representative told Reuters on Wednesday. China said on Tuesday that it would cut import tariffs for cars to 15% from 25%, a fillip for premium car brands like Tesla and BMW that export a significant number of vehicles. Tesla said on Tuesday that any of its cars sold in China would be subject to adjusted prices, even before the tariff change came into effect on July 1. The price of a top-of-the range Model X will be cut to 1.3-million yuan ($203,830) but that remains well above the $140,000 cash price-tag before savings for the priciest version in the US — Tesla’s Model X P100D. The move by the California-based electric carmaker is likely to foreshadow w...
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