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Is Tesla Shoving It in Trump’s Face by Producing Cars in China to Skirt Tariffs?

(ZeroHedge) Once again it seems like the rules apply to everyone – except Tesla.

First it was “Funding Secured”, argued to be one of the most blatant examples of securities fraud in recent history – all but ignored by the SEC. Then it was scores of Tesla vehicles involved in various “Autopilot” related accidents – all but ignored by the NHTSA.

Now it’s moving to China to produce vehicles in order to skirt tariffs – all but ignored by President Trump.

Tesla is now going to be delivering Model 3 vehicles built in its Shanghai factory effective Monday, according to Reuters. Construction of the plant began in January and production started in October. Tesla’s goal is to produce 250,000 vehicles a year at the factory, after the Model Y is added to the line. 

The first 15 cars to roll off the line on December 30 will go to employees.

The factory will be delivering cars just 357 days after the factory’s construction started. We also recently reported that Musk was somehow able to procure a $1.4 billion loan from various Chinese banks at a 10% discount to the prime rate. 

That’s right, nothing to see here, President Trump…

[Read more…]



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