The company also may raise prices again before the end of the year if the Chinese government decides to implement threatened tariff increases on U.S.-made autos. Beijing's commerce ministry said it would once again levy 25% duty on cars and other vehicles plus 5% on car parts in December. China had lifted the tariffs late last year.
To try to beat the tariffs, Tesla will now attempt to import as many vehicles as it can before the duties get imposed, Reuters reported. All Tesla vehicles for sale in China get imported.
The likely price hikes come as trade negotiations between the U.S. and China have heated up.
A Tesla representative didn't immediately respond to requests for comment from Reuters.
Shares of Tesla were rising 0.94% in trading Monday to $213.46.
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