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Tesla seeks to reduce tariff impact for Model 3 by making cars in China

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Tesla seeks to reduce tariff impact for Model 3 by making cars in China

Tesla seeks to reduce tariff impact for Model 3 by making cars in China
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Joe White(Reuters)
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(Reuters) - Tesla Inc <TSLA.O> said on Friday it is looking to reduce the impact of tariffs on its Model 3 sedan by building more cars in Shanghai, China.

The company said https://www.sec.gov/Archives/edgar/data/1318605/000156459018026353/tsla-10q_20180930.htm#ITEM1_LEGAL_PROCEEDINGS in a filing that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3.

The company said Model S and Model X sales in China have been, and will likely continue to be, hurt by recently increased tariffs imposed by the Chinese government on U.S.-manufactured vehicles.

(Reporting by Akanksha Rana in Bengaluru; Editing by Bernard Orr)

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