In China, Tesla Model S and X prices doubled in 24 hours!

The trade war between China and the United States over tariffs is forcing Tesla to revise its prices.

Without fanfare, Tesla has made a very symbolic decision: withdrawing its Model X and Model S from sale in China. Only the vehicles already in inventory, as they are already registered, are still available.

The reason? The surge in customs duties that disrupts financial markets, as the United States has imposed a 145% tariff on all products originating from China. In response, China retaliated with a 125% tariff on all US-made products. Simply put, a Tesla Model S or Model X, both produced in the US, has seen its price more than double in one day! Conversely, the Model Y and Model 3, entirely “sourced” from Chinese mechanical parts and batteries, are currently spared.

A boon for Porsche and others?

Tesla has thus taken the lead and preferred not to risk importing cars from the US anymore. Otherwise, the catalog price of the Model S Plaid would have risen from 923,900 yuan (111,500 euros) to around 2.078 million yuan (250,900 euros).

Regarding the Model X, things are less clear: the vehicle seems to have been simply withdrawn from the market, with no new units available in inventory in China. A sign of its lack of interest.

This financial squeezing on Tesla by China is an opportunity for competitors, first local ones with increasingly relevant Chinese manufacturers. But also European ones, starting with Porsche, whose electric Taycan suddenly becomes very “affordable,” proportionally speaking. In China, the German sedan starts at 918,000 yuan (110,800 euros).

In Europe, if the trade war tariffs are expected to continue in the coming months, the prices of the Model S and Model X could suddenly increase by about 35%. Unless the disappearance of these two models in China paves the way for sharp price drops across the Old Continent to help Tesla clear its stocks.

Finally, note that these two Tesla models will soon be renewed, further reducing their appeal.

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