A few days ago, Biden announced huge new tariffs on EV vehicles imported from China.
Biden indicated increases of 25%-100%.
I do not know if he needs Congressional approval.
I read two articles, but none of them mentioned the obvious question - will the new tariffs apply to Tesla?
The proposed tariffs will not affect Tesla.
They are for Chinese EV Imports.
In case some of you don’t realize, all the Tesla’s sold in the United States are built in Fremont, CA or GigaTexas in Austin, TX.
Before you freak out, yes he also has a GigaFactory in Shanghai, China and another in Germany.
The factory in Germany covers Europe, the one in China is their main export hub while also selling in China.
The Tesla’s you see on the roads today here in the US are the most American made vehicles you can buy. Tesla is vertically integrated while Legacy Auto has outsourced damn near everything. It’s also why they ground to a halt during the Plandemic and supply chain woes.
The tariffs have nothing to do with Tesla, its an attempt to protect the Detroit 3.
Think back to the 70’s when gas prices shot up and the US was making huge boats that drank gas like you put a hole in the tank. What happened. Japan & Europe came in with smaller and more efficient cars that also turned out to be more reliable.
I’m not saying the Chinese cars will be reliable until I see independent testing. I do know that Tesla fares very well in China against their local manufacturers. But without those tariffs, they will massively undercut prices.
Tesla will keep lowering prices using innovations like gigacasting, 48v architecture, their new unboxed assembly methods and by being totally vertically integrated.