The Tesla Model X has been launched on the Chinese car market, with deliveries set to start later this month. There are three variants available: the Model X 90D, the Model X P90D, and the China-only Model X P90D Signature Red edition. The Model X 75D base model is not available in China, but might be added to the lineup later.
The 90D retails for 961,000 yuan, the P90D for 1.15 million yuan, and the Signature Red does a whopping 1.47 million yuan. That translates to $147,000, $176,000, and $225,000 respectively. For comparison, in the U.S. the 95D costs $95,500 and the P90D $115,500. Chinese buyers need to pay a 100,000 yuan deposit when they reserve their Model X.
The enormous difference is caused partly by import taxes, counting for about one third of the price, and partly by healthy entrepreneurship. Chinese car buyers are very eager to pay more to get their hands on a Tesla, especially on the new Model X, which is after all an SUV, the most popular body style in China.
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