Following the increased tension between the US and China and the successive increase in tariffs between the two countries, Ilan Musk experienced the biggest loss of his life and the Tesla cars in China stopped. Here are some details of stopping the sale of Tesla cars in China and its impact on Ilan Musk’s credit and capital.
As you know, recent trade tensions between the United States and China, whose roots are back to the presidency of Donald Trump, have reached the height. The new round began with the announcement of heavy tariffs from the US government on imported goods from China, which reportedly reached 5 %. In a quick and reciprocal move, the Chinese government also significantly increased its retaliatory tariffs on American goods and raised it to 5 %. This tariff war has affected various industries, one of the most prominent of which is the electric car industry.
In one of the latest consequences of the Pardamaneh trade war between Washington and Beijing, Tesla has stopped selling its two best -selling cars, Tesla Model S and X, in China’s big market. Numerous reports, including Bloomberg and Reuters, confirm that Tesla’s Chinese website The possibility of registering a new order It does not give customers to these two models. This action though not yet formally approved by Tesla, but clearly by actions China’s 5 % retaliatory tariff It is directly related to the goods imported from the United States, which will be implemented on April 5.
The main reason for this stoppage is the production of these two cars. Unlike Tesla’s best -selling models in Chinese soil, Model 3 and the Y Model, which are manufactured at the Shanghai Gigafector Factory and are not subject to import tariffs, the Tesla Model S and Model X are imported directly from the Tesla factories in the United States to China. With the new 5 % tariff, the final price of these cars for the Chinese consumer is increasingly increasing and making their sales virtually impossible. A car sales expert in Shanghai told the media:
No buyer in China will be willing to pay more than twice the original price for the S or X, even if it is interested. Of course, this new tariff will be added to the previous 5 % tariff that Tesla has previously paid for these models.
Does the Tesla Model S and X stop in China Ilan Musk sits on black soil?
At first glance, the S -and X -sale stoppage is not a fatal blow to Tesla’s overall sales figures in China. These two models have always made a small share of Tesla’s sales in the country and even worldwide. According to statistics, only about 6,000 of these two models were sold in China last year, while the sales of the 3 and Y reached more than 6,000 units. The Tesla Model S and X and Cybergs have overall only about 2 percent of Tesla’s total sales in the first trimester, with the remaining 2 percent belonging to the 3 and Y models. Of course, Tesla is currently selling the previous S and X inventory in China, but it is not possible to register a new order.
However, this happens in an inappropriate time for Tesla. The company has recently released a 5 % decline in Tesla’s global sales in the first trimester of the year, and in the Chinese market it is facing a growing and increasing competition from powerful domestic brands such as Bi -DD, even in some markets. It should be noted that the Chinese market accounts for more than 5 % of Tesla’s revenue last year and is a vital market for the company.
Europe’s farewell to Tesla and Greetings to the Chinese
Beyond the direct impact on Tesla, this shows the wider impact of the tariff war on the electric car industry. These tariffs can damage the entire electric car industry in the US. On the other hand, while the US and China are involved in these disputes, the EU is investigating increased trade cooperation with China and opening its doors to Chinese electric cars. These cars, which are often more economical than their American or European competitors, can challenge the market share of the Western carmakers. In addition to prices, Chinese electric car makers have made significant progress in driving technologies.
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