Heard on the Street: Tesla Could Be Hit by EV Battery Tariffs

May 20, 2024 · For the full picture, read today's Heard on the Street column: U.S. Tariffs Close Off the Easiest Route to Affordable EVs A new 25% tariff on Chinese EV batteries and parts could …

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Heard On The Street: Tesla Could Be Hit By EV Battery Tariffs

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May 20, 2024 · For the full picture, read today's Heard on the Street column: U.S. Tariffs Close Off the Easiest Route to Affordable EVs A new 25% tariff on Chinese EV batteries and parts could …

wsj.com

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Cheapest Tesla Model 3 Will Be Hit By Biden's New EV Tariffs

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Tesla makes the U.S.-spec $38,990 Model 3 RWD in California using battery cells from CATL, one of China’s biggest producers of EV batteries. Biden’s new tariffs will raise the tax on …

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U.S. Tariffs Close Off The Easiest Route To Affordable EVs - MSN

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More meaningful for the auto industry is a new 25% tariff on Chinese EV batteries and parts, up from 7.5% now. Many details aren’t yet clear, but the news will likely affect Tesla.

msn.com

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Trump’s Tariffs And EV Policies Have Carmakers And Consumers

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Jan 24, 2025 · “It’s notable that December’s average transaction price for battery electric vehicles was $45,700, while hybrids and gas-powered vehicles combined for an average transaction …

forbes.com

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Tesla, BMW Sue EU After China-Made EVs Hit By Tariffs - MSN

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The EU imposed anti-subsidy tariffs of 7.8% on Tesla on top of the 10% levy. BMW’s imports were hit with a 20.7% duty. The firm was hit because its electric Mini Cooper and the 100% …

msn.com

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'Make Them Pay A Price:' Tesla Threatened With 100% Tariffs In …

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Not surprisingly, Tesla is the top-selling EV brand in Canada with the Model Y and Model 3 leading by a wide margin. More recent statistics aren't available, but in 2023 Tesla sold at …

insideevs.com

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Trump’s EV Policies Leave Carmakers Uncertain About 2025 Forecast ...

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Jan 9, 2025 · Battery electric vehicles are expected to make up 16.7% of the market share for light vehicles. Tesla, BYD of China, and other manufacturers face big unknowns in 2025. …

fastcompany.com

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Tesla Latest Carmaker To Sue EU Over EV Tariffs | Carscoops

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Jan 28, 2025 · Tesla was hit with an additional tariff of 7.8% in October last year following the probe, in addition to the pre-existing 10% levy. By comparison, BYD was hit with a 17% tariff …

carscoops.com

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Global EV Tariffs Charge Up Trade Debate - Fastmarkets

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Sep 13, 2024 · This is on top of the existing 10% tariff rate for imports of cars from China. In August, the Commission moved to reduce tariffs on Tesla, BYD and Geely amongst others, …

fastmarkets.com

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Why Tesla's Stock Tumbled After Trump Tariff Orders - Investopedia

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2 days ago · Tesla was one of the worst-performing stocks in the S&P 500 on Monday, falling more than 5%, after President Trump went through with a plan to impose sweeping tariffs on …

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Trump Tariffs Made Wall Street Worry About Tesla And Apple

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2 days ago · Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called Magnificent Seven, while Apple shares dropped 3%.

fortune.com

FAQs about Heard on the Street: Tesla Could Be Hit by EV Battery Tariffs Coupon?

Could a new tariff on Chinese EV batteries hit Tesla?

A new 25% tariff on Chinese EV batteries and parts could hit Tesla and Ford’s cheapest electric vehicles. ...

Would a higher tariff on EV battery imports make Tesla more expensive?

A higher tariff on EV battery imports would make Tesla’s least expensive car, the Model 3 RWD, more costly to produce. Then again, Tesla said it installed 14.7 gigawatt-hours of battery storage in 2023. Its energy storage unit booked $1.4 billion in revenue for the fourth quarter and $1.1 billion in costs for those sales. ...

How much would a tariff on Chinese EV batteries cost?

By a rough calculation it could add $1,000 to material costs. For the full picture, read today's Heard on the Street column: A new 25% tariff on Chinese EV batteries and parts could hit Tesla and Ford’s cheapest electric vehicles. ...

How will Biden's new EV tariffs affect EV manufacturers?

Biden’s new tariffs are targeted to raise the tax on imported Chinese EV batteries from 7.5% to 25%. New tariffs to disincentivize the use of Chinese batteries and battery parts that go into effect this year also stand to increase costs for popular EV makers like Tesla and Ford by thousands of dollars. ...

Is Tesla a loser from Biden's new tariff on Chinese batteries?

Tesla is a potential loser from President Biden's new tariff on Chinese electric-vehicle batteries and parts, which it uses for its entry-level vehicle, the standard-range Model 3. By a rough calculation it could add $1,000 to material costs. For the full picture, read today's Heard on the Street column: ...

Will a levy on lithium-ion batteries trickle down Tesla buyers?

The levy on lithium-ion batteries and battery parts will jump from 7.5% to 25% in 2024, and graphite, a mineral used in batteries, will increase from 0% to 25% in 2026. Batteries make up about one-third of the cost of EVs. But those cost increases may not trickle down to Tesla buyers. ...