Tesla to cut prices for some models in North America, China

FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson

BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc said on Wednesday it will cut prices in North America, as the firm ramps up car production in its Fremont, California, factory after the easing of coronavirus lockdowns.

Tesla China said in a Weibo post that it will also cut prices for imported electric Model S sedans and Model X sport utility vehicles in China, while keep prices of locally-made Model 3 sedans unchanged.

Reporting by Yilei Sun and Brenda Goh; Editing by Kim Coghill

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