Teslas in China cost at least $20,000 more after U.S. tariffs

President Donald Trump is brawling with Chinese President Xi Jinping over trade, and the latest victims in their tariff squabble are prospective Tesla owners in China.

Prices for Elon Musk's electric cars are skyrocketing by at least $20,000 after China increased the car import tax by 40 percent last week. This hike comes about a week after China lowered the foreign car import taxes from 25 to 15 percent.

Although some car labels like Ford may absorb the heightened costs to mitigate price increases, Tesla is so far the first American carmaker to raise its prices. Read more...