Cause And Effect
Trade tensions lead to cancellation of orders and competitive pressure
The Trump administration’s trade war with China backfired for the president’s senior advisor, Elon Musk, when Tesla was forced to pull two cars from its biggest growth market.
Elon Musk
CEO of Tesla
Import duties on Model S and Model X
125%
Key Facts
- Tesla halted orders for its Model S and Model X in China due to 125% tariffs imposed by the government.
- Electric Vehicle Market faces increased challenges from local competitors and trade tariffs impacting Tesla’s operations.