Tesla

Tesla this week showed signs of different strategies in the world’s two major auto markets, raising prices in the United States to increase profit margins, while maintaining price stability in China and hoping to increase sales in China. According to data tracked by Reuters, Tesla raised the prices of the more affordable versions of the Model 3 and Model Y in the United States about a dozen times this year. At the same time, Tesla recently launched an affordable version of the Model Y in China without a price cut. Tesla announced record car deliveries in the second quarter, and price increases in North America pushed quarterly earnings to a record high.