Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Tech

Tesla suspends importing Cybercab, Semi parts from China amid Trump tariff war: report

Elon Musk’s Tesla has reportedly halted imports of car parts from China needed for its upcoming Cybercab and Semi electric truck because of the trade war with Beijing — throwing a wrench into the company’s much-touted plans.

The EV pioneer had planned to import components from China to support production of the two new vehicles – but the plans became untenable once tariffs surpassed 34%, Reuters reported, citing a source with direct knowledge.

The Trump administration imposed total tariffs of 145% on Chinese imports last week, prompting Beijing to retaliate with a 125% tax on US goods.

The Cybercab was expected to enter mass production in 2026. Anadolu via Getty Images

The president has said the tariffs are necessary to rebalance trade between the two nations.

It’s unclear how long the suspension of imports will last.

Musk has called the self-driving Cybercab – also referred to as Robotaxi – a key element of the company’s future growth.

The company had planned to begin initial production of Cybercab and Semi as soon as this October before ramping up mass production by 2026.

The Cybercab is slated to be produced as Tesla’s Gigafactory in Texas, while the Semi will be built at a plant in Nevada.

Tesla shares sank nearly 2% on Wednesday.

Elon Musk has touted Cybercab as a major part of the company’s plans. AFP via Getty Images

Company representatives did not immediately return a request for comment.

Tesla was seen as more insulated than other American auto brands because it builds all of the vehicles it sells in the US at US-based plants.

However, the company has major operations in China and remains reliant on the country for certain components used in its vehicles.

Tesla has suspended imports of some car parts from China. Christopher Sadowski

Any supply chain difficulties will make it more difficult to meet Musk’s ambitious goals for fully autonomous vehicles.

Tesla has been seeking approval from state and federal officials to facilitate a fleet of taxis.

As The Post has reported, Tesla also faces increasing competition from Chinese electric car brand BYD, which recently surpassed Musk’s company in global sales and is in the middle of a major international expansion.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button