Tesla rushes Model 3s to China before trade-war truce expires - Business News - News Summed Up

Tesla rushes Model 3s to China before trade-war truce expires - Business News


SAN FRANCISCO:At least three ships roughly the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk.Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire. Musk fears the two countries could ratchet tariffs back up, which would make the chief executive officer’s electric cars more expensive in China and boost costs of key components the country sends to his U.S. assembly plant.


Source: The Star February 13, 2019 02:15 UTC



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