Posted on 03/05/2019 6:09:17 AM PST by artichokegrower
China’s customs authority has suspended customs clearance procedures for Model 3 cars built by Tesla Inc, the financial publication Caixin reported on Tuesday.
(Excerpt) Read more at reuters.com ...
Tesla just announced their plan to build Model 3’s in China. Related? I think so.
More info from an owners forum:
Or it could be a legitimate problem with labeling.
Smart move.
Put a tariff on something nobody wants...............
I like your tagline.
“Put a tariff on something nobody wants...............”
From the Los Angeles Times
“Tesla’s future as a going concern depends on healthy Model 3 sales growth. The company sold about 145,000 of them last year, and said it plans to substantially increase that figure this year.”
Seems to me that there are people who want this car. My son just bought a Chevy Bolt ( replacing his Nissan Leaf), because he could not afford a Tesla Model 3. He says it’s a wonderful car that fits his commute needs. The same article says Chevrolet only sold 1,875 of them in January.
Stock market not responding well to the news. Tesla stock down double digits this morning and minus $48 since Friday morning.
Soon China will be selling the Alset 6 ,LOL
Chinese customs authorities are allowing Tesla TSLA to import the company’s Model 3 sedans into the country, after reports had said the vehicles were being held due to irregularities, Reuters reported Tuesday, citing sources familiar with the matter. Tesla did not immediately respond to a request for comment. The news that 1600 Tesla vehicles were being held was first reported by Chinese financial publication Caixin.
https://finance.yahoo.com/m/e689fc5e-7046-3edd-a174-dfe13c9b1a8a/tesla-shares-fall-4-percent.html
What’s going to happen to McDonald’s when the Chinese and other competitors find out how to make hamburgers?
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