Tesla suing EU over tariffs on China-made EVs
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
The bear case is that CEO Elon Musk is famously overly optimistic and widespread deployment of AI-trained self-driving cars is still years away. “I know people said Elon’s the boy who cried wolf,” ...
That answer may well be true. After all, sales of purely internal combustion vehicles have been in decline globally since ...
Musk noted an autonomous fleet could see vehicles utilized an average of 55 hours per week, vs. the current average for ...
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