Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans, source says [Yahoo! Finance Canada]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance Canada
The move could disrupt Tesla's plan to start mass production of the much-anticipated models, which Elon Musk has been touting to investors as major innovations providing growth momentum of the U.S. automaker. Tesla was ready to absorb the additional costs when Trump imposed the 34% tariff on Chinese goods but could not do so when the tariff went beyond that, leaving shipping plans suspended, said the person, who declined to be named as the matter is private. Trump raised additional tariffs to 84% on April 9 and has since increased that to 125%, bringing the total tariffs on Chinese goods exported to the U.S. to 145%. Tesla aimed to start trial production of the two models in October and planned mass production in 2026, the person
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