Tesla said it will likely raise Model 3 prices in Europe after higher EU tariffs on China EVs

Tesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union said it could impose provisional higher tariffs on electric cars imported from China.

"We're anticipating a requirement for us to increase pricing for Model 3 vehicles as of 1 July 2024," a notice on Tesla's website said. "This is due to additional import duties likely to be imposed on electric vehicles manufactured in China and sold in the E.U."

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