Tesla and BMW Take EU to Court

Under the EU tariff scheme, Tesla vehicles manufactured in Shanghai face an additional surcharge of 7.8 percent on top of 10 percent already in place for EV imports from China. BYD similarly ...
Tesla is suing the EU over tariffs the bloc imposed on imports of electric vehicles from China, in the latest confrontation between the carmaker’s billionaire boss Elon Musk and Brussels.
Tesla’s finance chief said on Wednesday that the company’s profitability could take a hit if the new presidential administration implements tariffs.