Tesla wins break on 10% tax during Elon Musk's China trip

CEO tours upcoming factory and meets with transport minister

Tesla CEO Elon Musk made a two-day visit to China, which included speaking at the World Artificial Intelligence Conference in Shanghai, touring a plant under construction in Shanghai and meeting with the Chinese transport minister in Beijing. © Reuters

YIFAN YU, Nikkei staff writer

August 30, 2019 23:02 JST

Updated on August 31, 2019 05:13 JST

PALO ALTO, U.S. -- All three Tesla models sold in China will be exempt from the 10% auto purchase tax, the government said Friday, a move that will partly offset tariffs on U.S. vehicles that will hit Tesla later this year.