Trade War Sends Tesla Prices Surging In China And Elon Musk Is On The Way To Shanghai
Last week, following the Trump administration's decision to move ahead with tariffs on $34 billion in Chinese goods, BMW said it could not fully absorb the impact from China’s countermeasures on vehicles made in Spartanburg, South Carolina.
Faced with the prospect of either taking a hit to the bottom line or raising prices to Chinese customers, BMW decided to go the latter route, a move that of course imperils market share in the event consumers are unwilling to pay up.
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Apparently, BMW is now looking at expanding its production facilities in China.
At least we’ll get to enjoy an epic twitter fight between Elon and Trump as yet more jobs are lost to Trump’s trade war.
Wish well to Musk! Hope meetings go well and he will have Chinese plant ready for a quick start and fast ramp up, cranking out China made Teslas. I’m sure Trump would be so impressed and happy for him.