financetom
Business
financetom
/
Business
/
Tesla expects to hike price of China-made cars in EU due to tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla expects to hike price of China-made cars in EU due to tariffs
Jun 13, 2024 3:23 AM

BERLIN, June 13 (Reuters) - Tesla expects to

increase the price of its Model 3 because of import duties to be

levied by the E.U. on cars made in China, the carmaker said on

its website on Thursday, without specifying the size of the

price hike.

The message, displayed on Tesla's website for countries

including Germany, France, Ireland, Belgium, and Hungary, urged

prospective buyers to place their orders in June.

"We're anticipating a requirement for us to increase pricing

for Model 3 vehicles as of 1 July 2024. This is due to

additional import duties likely to be imposed on electric

vehicles manufactured in China and sold in the E.U.," the

message said.

The European Commission on Wednesday said it will impose

extra duties of up to 38.1% on imported electric cars made in

China from July, risking retaliation from Beijing which said it

would take measures to safeguard its interests.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
--Utah Medical Products Maintains Quarterly Dividend at $0.305 a Share, Payable Oct. 2 to Shareholders of Record as of Sept. 17
--Utah Medical Products Maintains Quarterly Dividend at $0.305 a Share, Payable Oct. 2 to Shareholders of Record as of Sept. 17
Jul 29, 2025
11:12 AM EDT, 07/29/2025 (MT Newswires) -- Price: 57.43, Change: -0.34, Percent Change: -0.60 ...
Clorox Likely to Deliver Softer-Than-Expected Q4 Results, RBC Says
Clorox Likely to Deliver Softer-Than-Expected Q4 Results, RBC Says
Jul 29, 2025
11:13 AM EDT, 07/29/2025 (MT Newswires) -- Clorox (CLX) will likely deliver softer-than-expected fiscal Q4 results mainly due to issues related to Enterprise Resource Planning and timing, RBC Capital Markets said in a note Tuesday. The investment firm said tracked channel trends this quarter will be dislocated from reported organic growth as the company pre-ships product ahead of its ERP...
Thiogenesis Therapeutics Upsizes Non-Brokered Private Placement of Shares
Thiogenesis Therapeutics Upsizes Non-Brokered Private Placement of Shares
Jul 29, 2025
11:15 AM EDT, 07/29/2025 (MT Newswires) -- Thiogenesis Therapeutics ( TTIPF ) on Tuesday said it upsized a non-brokered private placement to raise about $4 million, up from its initial $1.5-million target. The company said the offer size is being raised to an apparent 5.3-million shares (the company didn't specify millions in its release) from two-million shares at a price...
Copyright 2023-2026 - www.financetom.com All Rights Reserved