Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
The bear case is that CEO Elon Musk is famously overly optimistic and widespread deployment of AI-trained self-driving cars is still years away. “I know people said Elon’s the boy who cried wolf,” Musk said on Tesla’s Wednesday evening earnings conference call.
Tesla's lawsuit concerns new tariffs on Chinese-made EVs, arguing they disrupt competition and advancement in the European EV market
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Trump's tariffs will protect the US auto industry just long enough for it to decline into technological obsolescence.
Tesla has launched a legal challenge against the European Union over tariffs imposed on Chinese-made electric vehicles, according to court records. The American automaker lodged its complaint at the General Court,
“Chery” is hardly a more familiar name to European car buyers than “Omoda”, and clearly they didn’t think it had much export potential – being a little reminiscent of the Datsun/Nissan Cherry from a past motoring age, and properly pronounced more like “sherry”.
Musk noted an autonomous fleet could see vehicles utilized an average of 55 hours per week, vs. the current average for vehicles to be utilized just ten hours a week on average. As a first step, Musk said Austin will see an initial launch of unsupervised FSD in Austin in June, and expects California and other states to follow.
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