Tesla Stock Plummets after China Takes 1,600 Model 3s Hostage

By Mark Emem (CCN)

Two months after Tesla CEO Elon Musk broke ground for a new factory in Shanghai, authorities in China suspended customs clearance procedures for the electric carmaker’s lowest-priced car, the Model 3.

CHINA HOLDS TESLA MODEL 3S HOSTAGE

According to Caixin Global, customs authorities in Shanghai are currently holding 1,600 Tesla Model 3 cars after finding various irregularities.… read the full article

Easier for China to face tariffs than bend to U.S. pressure

By Michael Martina (Reuters)

BEIJING (Reuters) – China will acknowledge concessions made in any trade deal with the United States for the sake of stabilizing shaky relations, but is unlikely to yield to demands it alter its economic model even if faced with continued tariffs, many trade experts believe.… read the full article