Tesla could get special duties as part of higher China EV tariffs, EU says

Tesla could get special duties as part of higher China EV tariffs, EU says


Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. 

David Swanson | Reuters

Tesla could be hit with a specially calculated duty on its cars produced in China and imported to Europe as part of of the European Union’s decision to raise tariffs on Chinese electric vehicles.

On Wednesday, the European Commission, the EU’s executive arm, imposed higher tariffs on Chinese EV makers of up to 38%. These provisional dutiies will come into effect from July 4 if the EU does not reach a solution with Chinese authorities. Four months after this, so-called “definitive measures” take place.

At this stage, Tesla “may receive an individually calculated duty rate,” the Commission said.

Valdis Dombrovskis, the EU commissioner for trade, told CNBC on Wednesday that Tesla was making the case for lower tariff rates, which the commission was examining.

“We can also look more in depth in a specific situation of Tesla and subsidies [that] Tesla has specifically received in China, and that may lead indeed to different level of countervailing duties,” he said.

Shanghai, China is home to one of Tesla’s biggest Gigafactories. In 2023, Tesla delivered 947,000 vehicles from its Shanghai factory with 600,000 going to the China market and the rest exported, according to Chinese state media.

Europe’s moves follow the U.S. where the administration of President Joe Biden last month slapped 100% tariffs on Chinese electric cars.

EU investigation of Chinese EV subsidies based on 'facts and evidence': Trade commissioner

Tesla CEO Elon Musk recently addressed those U.S. tariffs.

“Neither Tesla nor I asked for these tariffs,” Musk said in May.

“Tesla competes quite well in the market in China with no tariffs and no deferential support,” Musk added. “I’m in favor of no tariffs.”



Source

Intel spins out AI robotics company RealSense with  million raise
Technology

Intel spins out AI robotics company RealSense with $50 million raise

Brian Krzanich, chief executive officer of Intel Corp., right, shows the collision avoidance feature of an AscTec Firefly drone with Intel RealSense cameras during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada. Patrick T. Fallon | Bloomberg | Getty Images Intel is spinning out its artificial intelligence robotics and biometric venture as more […]

Read More
China’s ‘instant commerce’ price war sees alt=
Technology

China’s ‘instant commerce’ price war sees $0.30 drinks and billions in subsidies doled out

A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025. Cheng Xin | Getty Images News | Getty Images In China’s fiercely competitive market, the latest price war is playing out in the growing “instant commerce” sector, where companies are launching massive subsidies and other incentives to get consumers […]

Read More
Grok 4 appears to seek Elon Musk’s views when answering controversial questions
Technology

Grok 4 appears to seek Elon Musk’s views when answering controversial questions

The X logo on a phone. Nurphoto | Nurphoto | Getty Images When xAI’s Grok 4 chatbot was launched on Wednesday, users and media outlets quickly began pointing out examples of it consulting its owner Elon Musk’s views on controversial matters.  CNBC was able to confirm that when asked to take a stance on some […]

Read More