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Tesla Lowers Prices In China While Raising Them In The U.S.

News Snapshot:

After posting its most recent earnings “beat”, Tesla is taking on two starkly different strategies for its U.S. and its China business. In the United States, the automaker is raising prices in an attempt to boost profit margins, while in China it is keeping prices steady in what is likely an attempt to drum up more demand, Reuters reported. So far, Tesla has raised the price of its Model 3 and Model Y “about a dozen times” in the U.S. this year, the report notes. At the same time, the company also introduced an affordable version of…

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