Tesla worried by China tariffs even as deliveries surge

6 years ago
Anonymous $oIHRkISgaL

https://finance.yahoo.com/news/tesla-misses-weekly-model-3-131201162.html

In July, China raised tariffs on imports of U.S. autos to 40 percent amid a worsening trade war with the United States. Tesla said the combination of tariffs and transportation costs was hurting Tesla sales in the world's biggest electric car market, sending shares down 2 percent to $304.37.

"Taking ocean transport costs and import tariffs into account, Tesla is now operating at a 55 percent to 60 percent cost disadvantage compared to the exact same car locally produced in China," the company said.