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Tesla to reduce price of standard range Model 3 in China

Tesla to reduce price of standard range Model 3 in China

Tesla said it will reduce the price of its standard range Model 3 vehicle in China to meet the government’s new eligibility requirements for subsidies. This marks the second time this year that the automaker has reduced the price. Several months ago, the base version of China-made Model 3 was lowered by 9%. Tesla has…

The ‘stakes are high’ for the US-China relationship, says US’s former ambassador to China

The ‘stakes are high’ for the US-China relationship, says US’s former ambassador to China

Sino-US tensions have mounted over the coronavirus outbreak, with Trump blaming China for causing tens of thousands of deaths and millions of job losses in the United States.These renewed tensions between Beijing and Washington threaten cooperation on halting the spread of COVID-19 and make completion of the landmark trade deal between the two superpowers less likely. Trump said on Twitter Monday…