Connect with us

News

Tesla to adjust vehicle prices in China amid trade war tensions, claims report

(Credit: Vincent Yu/Twitter)

Published

on

A recent report has emerged suggesting that Tesla is looking to adjust the prices of its electric vehicles in China, in what appears to be a reaction to the increasing trade tensions between the United States and the Asian economic superpower. The price adjustments will take effect this September, according to two people familiar with the matter. 

The information was related to Reuters, which published the report on Wednesday. According to the publication’s sources, Tesla’s upcoming price increase comes amidst uncertainties surrounding China’s currency, the Yuan, which weakened past the 7-per-dollar level on Monday for the first time in over ten years. 

The weakening of the Yuan was met with opposition by the United States government, which accused China of being a currency manipulator. China, for its part, denied the US’ claims, stating that it has not used and will not use the Yuan to cope with the ongoing trade tensions between the two countries. 

Nevertheless, the sharp drop in the Yuan came just days after US President Donald Trump stated that he would be imposing 10% tariffs on $300 billion of Chinese imports from September 1, 2019. Trump’s announcement promptly broke what was largely considered as a truce between the two countries’ trade war, which has disrupted global supply chains and stifled growth across several industries. 

Until Tesla’s Gigafactory 3 in Shanghai starts its operations, all vehicles that the electric car maker sells in China will be imported from the United States. Tesla’s imports to China are bound to decrease with Gigafactory 3’s activation, though Elon Musk has noted that the higher-end variants of the Model 3, as well as the flagship Model S and Model X, will still be imported from the US even with the Shanghai-based facility in operation. 

Advertisement

Gigafactory 3 is poised to be a vital part of Tesla’s strategy in China. The Asian economic superpower has adopted an aggressive plan to transition its auto industry to electric, and the country is currently the world’s largest market for EVs. With Gigafactory 3 producing affordable versions of the Model 3 and Model Y, Tesla could have a chance at breaking into China’s growing electric car segment. 

China, for its part, has shown considerable favor towards the electric car maker. Apart from assisting Tesla in acquiring low-interest loans for the first phases of Gigafactory 3’s construction, the Chinese government has provided other ways to show its support for the electric car maker. Just recently, for example, the Chinese government formally announced that it will be expanding Shanghai’s Free Trade Zone to include the Lingang area, which just happens to be the site where Gigafactory 3 is located.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Comments

Elon Musk

Tesla is building a new UFO-inspired Supercharger in the heart of Alien country

Published

on

Credit: MarcoRP | X

Tesla is planning to build a new UFO-inspired Supercharger in the heart of Alien country — Roswell, New Mexico.

Back in 1947, a crash of debris led to rumors of an alleged crash of a UFO just 75 miles north of Roswell near Corona, New Mexico. The crash was officially noted as the recovery of a military balloon, but over the years, speculation persists that the “flying disc” many saw might have been extraterrestrials trying to make contact with Earth.

As a result of the 1947 crash, Roswell has adopted it and used it as the inspiration for much of its tourism. As Tesla is planning to build a Supercharger in the area, it is using the same sort of inspiration for the location, which will feature just eight charging stalls located under a CyberCanopy.

It was first spotted by MarcoRP, a noted Supercharger permit insider:

Here are some better pictures of the design:

Tesla’s Head of Charging for North America, Max de Zegher, confirmed that the site will be inspired by the events near Roswell in 1947. He noted that Tesla “wants to build a few Superchargers cool enough to be worth of the trip itself.”

This will undoubtedly be one of those locations, and along with the Tesla Drive-in Diner Supercharger in Santa Monica, it seems the company could be moving toward some more unique designs for the future, making the charging experience more fun and interesting for owners:

Continue Reading

Elon Musk

This Tesla vandal caused thousands in damage, but she was let off the hook: Here’s why

Published

on

tesla
Credit: Tesla

A Tesla vandal in Bloomington, Minnesota, caused $3,200 in damages to a car after keying it. However, the local police department, as well as the owner of the Tesla, let her off the hook.

As a Tesla sat in the parking lot of a Cub Foods grocery store, it was damaged in an act of vandalism that we are unfortunately seeing all too frequently. Police managed to locate the woman responsible for the damage, aiming to hold her responsible for the scrapes she applied to the vehicle.

However, in an act that many might not be able to perform, the owner of the Tesla did not want to pursue any criminal charges. Instead, they just wanted their car fixed.

Police Chief Booker Hodges said (via Minnesota Star Tribune):

“The victim in this case just wanted their car fixed, and they just wanted the suspect to pay for that. Based on the totality of the circumstances here, and along with our core value of being compassionate, this is the best outcome for everybody involved in this case.”

It was an incredible act of forgiveness, as many of those who have had their Teslas damaged in response to CEO Elon Musk likely would not have been able to do the same thing. One person who had their vehicle keyed filed a civil lawsuit against the vandal, who damaged their car while it was parked at Dallas-Fort Worth International Airport, seeking $1 million in damages.

Chief Hodges finished his remarks about this specific situation by calling out the leaders who have spread a hateful narrative about Musk and Tesla, and the company’s vehicle owners as well:

“We need our leaders to start leading and stop feeding this rhetoric. People should be able to drive whatever car they want without fear of going into a store and someone scratching their car or people yelling at them because of the car that … they choose to drive. It’s time for all of us, you know, just to start getting along and knock this stuff off, man. People should be able to be left alone.”

While Chief Hodges did not mention anyone specifically, Minnesota politician and former VP candidate Tim Walz said earlier this month that he “gets a boost” when Tesla stock falls. He later retracted his statement by stating it was just a joke.

Continue Reading

News

Tesla Model Y tops Norway sales despite low Q1 delivery results

The new Model Y ended March as Norway’s top-selling vehicle for the month, with 1,819 units sold.

Published

on

Credit: Tesla China

Tesla did not meet delivery expectations in the first quarter of 2025, and a huge reason behind this was the changeover to the new Model Y in Giga Texas, the Fremont Factory, Giga Shanghai, and Giga Berlin.

Despite Tesla’s disappointing Q1 vehicle delivery results, the new Model Y still made a significant impact in key markets such as Norway.

The new Model Y’s Norway Comeback

While sales of the new Model Y in January and February were low in Norway, the vehicle saw a lot of momentum as soon as deliveries of the updated all-electric crossover started. This resulted in the new Model Y ending March 2025 as Norway’s top-selling vehicle for the month, with 1,819 units sold.

Over the course of Q1 2025, Tesla was able to sell a total of 2,792 Model Y units. That was enough to also make the all-electric crossover Norway’s best-selling vehicle in the first quarter. This is quite an impressive feat for Tesla, especially since sales were throttled during the quarter due to the company’s changeover to the new Model Y.

Source: Elbilstatistikk

Tesla in Other European Markets

Tesla’s results in Europe during the first quarter were a mixed bag. In Germany alone, Tesla saw 4,935 vehicles sold in Q1 2025. As per the German road traffic agency KBA, Tesla’s sales in March dropped 42.5% to 2,229 units year-over-year. This was despite overall EV registrations rising 35.3% during the month. 

In Italy, new vehicle registrations rebounded 51% in March from the previous year to 2,217 units, as per data from the Transport Ministry. This is still quite impressive considering that Tesla has become a very polarizing carmaker in Europe, thanks in no small part to CEO Elon Musk’s politics and close relation to U.S. President Donald Trump.

Advertisement
Continue Reading

Trending