Tesla is suspected of wanting to reverse-export electric cars from China to the US, billionaire Elon Musk only briefly replied “False”

Tram Ho

According to an unnamed source, automaker Tesla is investigating whether all of the parts that Tesla supplies for Chinese-made vehicles comply with US regulations. From there, Tesla can ship Model Y and Model 3 cars made in China to the US market.

As it stands, all of the vehicles the automaker sells in the US and Canada are manufactured at their plants in Fremont, California, and Austin, Texas.

However, Tesla CEO Elon Musk has denied rumors that the leading US electric vehicle maker is shipping Chinese cars to North America. The billionaire replied on Twitter couldn’t be more concise: “Wrong” and did not explain further.

Tesla bị nghi ngờ muốn xuất khẩu ngược xe điện từ Trung Quốc sang Mỹ, tỷ phú Elon Musk chỉ đáp lại ngắn gọn "Sai" - Ảnh 1.

Photo: Reuters

As demand for the automaker’s vehicles grows, rumors have it that it is looking at plants and facilities in both Canada and Mexico.

However, Tesla’s factory in China was recently upgraded and can now produce 1.1 million vehicles per year, making it Tesla’s most productive manufacturing hub.

Thus, even though Tesla sold or shipped each vehicle out of the China factory, unsold inventory rose in October by the highest profit margin since the factory opened. .

Tesla is also ramping up production at a new factory that opened in Berlin earlier this year. Output from the Berlin plant will reduce demand for some exports from China.

In addition, factors including a cheaper renminbi against the US dollar, lower raw material prices in China and an increase in Tesla demand make exports from China to the United States more likely. price competition.

The Chinese electric vehicle market is currently at the height of a price war, according to domestic analysts. In response, Tesla slashed prices for the Model 3 and Model Y by 9% last month for the mainland market alone.

As such, Chinese customers now have to pay the equivalent of $49,344 for the Model Y, which is priced at $65,990 in the US. Given that price gap, importing cars from China could become worthwhile even under the imposition of tariffs.

Currently, Chinese-made cars are subject to a 27.5% US tariff, while light trucks are subject to a 25% tariff. Meanwhile, China, the world’s largest auto market, imposes a 15% tax on imported cars.

However, if Tesla chooses to import vehicles from China, those vehicles may not be eligible for all of the tax incentives offered by President Biden’s Inflation Reduction Act.

In 2018, before Tesla’s Shanghai factory went into operation, CEO Elon Musk asked then-President Donald Trump to increase tariffs on cars imported from China into the US to achieve an outcome. fair when both sides are equal and have appropriate tariffs.

Reference: Reuters

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Source : Genk