Tesla starts China price war

Pushing sales: Visitors check a China-made Tesla SUV in Beijing. Elon Musk’s EV maker – a major player in hyper-competitive China – has cut prices on models produced at its enormous factory on the outskirts of Shanghai. — Reuters

BEIJING: Tesla Inc triggered a price war in China that’s poised to reshape the world’s biggest car market, with hefty discounts threatening to drive some automakers out of business.

It started in October. Elon Musk’s electric vehicle (EV) maker – a major player in hyper-competitive China – cut prices on models produced at its enormous factory on the outskirts of Shanghai.