· 4d · on MSN
EU faces legal action from Tesla, BMW over tariffs on Chinese-made EVs
Tesla, Chinese carmakers could see benefits from EU emission rules, NYT says
Under stricter European Union regulations taking effect this year, automakers selling cars in Europe face large penalties if their vehicle
· 4d · on MSN
Tesla, BMW Sue EU as Tension Mounts on Chinese EV Tariffs
Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court's website on Monday.
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% electric Mini Aceman are made in China, according to car website Autogear.
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
Tesla and BMW sue EU over tariffs on electric vehicles from China, joining Chinese automakers that filed claims. Read more.
Tesla TSLA has joined BMW and several Chinese manufacturers in challenging EU tariffs on China-made electric vehicles at the Court of Justice of the European Union (CJEU), per a court filing.
· 7d · on MSN
Tesla sales in Europe are sliding. That's a problem for Elon Musk.
Musk Retreats From Tesla’s 2025 Growth Forecast
Retooling work for the latest Model Y and a shortage of batteries are factors. The EV market leader’s shipments rose slightly during Q4 but larger incentives lowered the
· 1d · on MSN
Musk envisions Tesla as potentially world's most valuable company
Tesla, BMW challenge EU tariffs on China-made EVs. EV success: Norway on track to be first country to go fully electric. Smithfield Foods prices IPO at $20 per share
The EU imposed extra tariffs of up to 35% on Chinese-manufactured EVs in October after an anti-subsidy investigation found Chinese state support was unfairly undercutting European automakers.
European automakers face challenges from stricter EU carbon emission regulations, leading them to buy emissions credits from rivals like Tesla and Chinese companies. The regulations, mandating increased zero-emissions cars production,
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
Tesla (NASDAQ: TSLA) has been on an absolute tear, with shares nearly doubling over the past few months. Investors expect big things from the electric vehicle (EV) company over the coming years. It has continually innovated,
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