Tesla Halts Model S and Model X Orders in China

BREAKING: Tesla shares dropped 1.4% premarket after the company stopped accepting new orders for its Model S and Model X vehicles in China, citing escalating trade tensions. This decision follows China’s implementation of 84% tariffs on U.S. goods in retaliation to President Trump’s 145% tariffs on Chinese imports, effectively doubling the cost of U.S.-made cars in China

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