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.

Tesla worried by China tariffs even as deliveries surge

Oct 3, 2018, 10:41am UTC
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.