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China hopes to walk EU back from tariffs on imported EVs

Credit: Berlinergy | X

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China is hoping to get the European Union to walk back from tariffs that would be applied to electric vehicles imported into the region by July 4.

Over the weekend, both sides said they would be willing to discuss the potential of throwing away the tariffs, which would be applied to EVs and add 17.4 percent to 38.1 percent for four months. The tariffs are expected to begin on July 4.

China’s Commerce Ministry and Germany’s Economy Minister both said this past weekend that things could be resolved by the early July date, and that they are willing to come up with a solution that would not require the tariffs to be applied.

Europe’s electric vehicle tariffs seemingly trigger response from China

According to a report from the Associated Press, the trade dispute could potentially come to an end.

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The tariffs would apply to any vehicle imported into Europe from China, and it does not apply to Chinese brands specifically. Any vehicle built in China, including ones from Tesla, will be hit with the tariff. The tariff rates are in addition to the 10 percent duties that already apply to all imported EVs.

However, tensions seem to be cooling off, and the two sides could be open to resolving the matter before it even starts. The Chinese Commerce Ministry website said on Saturday:

“The two sides agreed to launch consultations on the EU’s anti-subsidy investigation into Chinese electric vehicles.”

Additionally, German Chancellor Olaf Scholz pushed the belief that things could be salvaged as well:

“There’s still a bit of time until July 4. But it’s clear, of course, that we will also need serious movement and progress from the Chinese side. It’s important that the EU takes its opportunity until the end of the month, but also that the Chinese government takes its opportunity to bring about an agreement.”

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The tariffs are an attempt to keep Chinese EVs out of the market and encourage domestic manufacturing for companies and purchasing from consumers. Similar efforts have been made in the United States.

If the tariffs go through, Tesla stands to take a major hit.

The company exports vehicles from China at its Giga Shanghai factory to Europe, as it does not build the Model 3 in Germany at Giga Berlin. The tariffs would likely discourage consumers from buying the vehicles over the four-month period.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at [email protected]. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at [email protected].

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at [email protected]. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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X launches Community Notes feature to bridge diverse perspectives

X’s new pilot expands Community Notes by spotlighting posts liked across ideological divides. Can social media finally bring people together?

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(Credit: Community Notes/X)

X’s Community Notes pilot seeks to bridge perspectives by introducing an experimental feature to identify posts liked by diverse viewpoints. Announced by Elon Musk’s X, the initiative builds on the success of Community Notes, which highlights agreement among users who typically disagree.

Starting June 05, a select group of Community Notes contributors, representing a broad spectrum of perspectives, will encounter a new callout within the platform. “The callout shows based on early and limited Like signals on the post,” X explained.

Contributors can rate and provide feedback on these posts, aiding the development of an open-source algorithm to identify content that resonates across differing viewpoints. The pilot aims to uncover ideas, insights, and opinions that foster unity, addressing the often-divided nature of online discourse.

“People often feel the world is divided, yet Community Notes shows people can agree, even on contentious topics,” X noted. The new feature builds on years of user requests to extend Community Notes’ approach to posts, recognizing those liked by people who would normally disagree. By highlighting such content, X hopes to motivate users to share ideas that resonate broadly, potentially driving meaningful dialogue.

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The pilot follows X’s transparent development process, similar to how Community Notes was refined. “Following the path we used to develop Community Notes, we’re building in public with a small pilot so that this concept can be shaped by the people,” X stated. The initiative will rely on contributor feedback to iterate and refine the algorithm, ensuring it effectively identifies posts that bridge perspectives.

This experimental feature underscores X’s commitment to fostering constructive online conversations. By leveraging early “Like” signals and contributor input, X aims to amplify content that transcends ideological divides.

“Ultimately, it could help move the world forward in ways that the people want,” X added, emphasizing the potential for this tool to promote unity and understanding.

As X rolls out this pilot, the platform invites its community to shape its evolution, much like the iterative process that has made Community Notes a hallmark of collaborative fact-checking. The initiative could redefine how social media platforms highlight shared values, paving the way for more inclusive and impactful discussions.

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Elon Musk

X account with 184 followers inadvertently saves US space program amid Musk-Trump row

Needless to say, the X user has far more than 184 followers today after his level-headed feat.

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Joel Kowsky, Public domain, via Wikimedia Commons

An X user with 184 followers has become the unlikely hero of the United States’ space program by effectively de-escalating a row between SpaceX CEO Elon Musk and President Donald Trump on social media.

Needless to say, the X user has far more than 184 followers today after his level-headed feat.

A Near Fall

During Elon Musk and Donald Trump’s fallout last week, the U.S. President stated in a post on Truth Social that a good way for the United States government to save money would be to terminate subsidies and contracts from the CEO’s companies. Musk responded to Trump’s post by stating that SpaceX will start decommissioning its Dragon spacecraft immediately. 

Musk’s comment was received with shock among the space community, partly because the U.S. space program is currently reliant on SpaceX to send supplies and astronauts to the International Space Station (ISS). Without Dragon, the United States will likely have to utilize Russia’s Soyuz for the same services—at a significantly higher price.

X User to the Rescue

It was evident among X users that Musk’s comments about Dragon being decommissioned were posted while emotions were high. It was then no surprise that an X account with 184 followers, @Fab25june, commented on Musk’s post, urging the CEO to rethink his decision. “This is a shame this back and forth. You are both better than this. Cool off and take a step back for a couple days,” the X user wrote in a reply.

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Much to the social media platform’s surprise, Musk responded to the user. Even more surprising, the CEO stated that SpaceX would not be decommissioning Dragon after all. “Good advice. Ok, we won’t decommission Dragon,” Musk wrote in a post on X.

Not Planned, But Welcomed

The X user’s comment and Musk’s response were received extremely well by social media users, many of whom noted that @Fab25june’s X comment effectively saved the U.S. space program. In a follow-up comment, the X user, who has over 9,100 followers as of writing, stated that he did not really plan on being a mediator between Musk and Trump. 

“Elon Musk replied to me. Somehow, I became the accidental peace broker between two billionaires. I didn’t plan this. I was just being me. Two great minds can do wonders. Sometimes, all it takes is a breather. Grateful for every like, DM, and new follow. Life’s weird. The internet’s weirder. Let’s ride. (Manifesting peace… and maybe a Model Y.)” the X user wrote.

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Elon Musk

Tesla tops Cathie Wood’s stock picks, predicts $2,600 surge

Tesla’s future lies beyond cars—with robotaxis, humanoid bots & AI-driven factories. Cathie Wood predicts a 9x surge in 5 years.

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Cathie Wood shared that Tesla is her top stock pick. During Steven Bartlett’s podcast “The Diary Of A CEO,” the Ark Invest founder highlighted Tesla’s innovative edge, citing its convergence of robotics, energy storage, and AI.

“Because think about it. It is a convergence among three of our major platforms. So, robots, energy storage, AI,” Wood said of Tesla. She emphasized the company’s potential beyond its current offerings, particularly with its Optimus robots.

“And it’s not stopping with robotaxis; there’s a story beyond that with humanoid robots, and our $2,600 number has nothing for humanoid robots. We just thought it’d be an investment, period,” she added.

In June 2024, Ark Invest issued a $2,600 price target for Tesla, which Wood reaffirmed in a March Bloomberg interview, projecting the stock to reach this level within five years. She told Bartlett that Tesla’s Optimus robots would drive productivity gains and create new revenue streams.

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Elon Musk echoed Wood’s optimism in a CNBC interview last month.

“We expect to have thousands of Optimus robots working in Tesla factories by the end of this year, beginning this fall. And we expect to scale Optimus up faster than any product, I think, in history to get to millions of units per year as soon as possible,” Musk said.

Tesla’s stock has faced volatility lately, hitting a peak closing price of $479 in December after President Donald Trump’s election win. However, Musk’s involvement with the White House DOGE office triggered protests and boycotts, contributing to a stock decline of over 40% from mid-December highs by March.

The volatility in Tesla stock alarmed investors, who urged Musk to refocus on the company. In a May earnings call, Musk responded, stating he would be “scaling down his involvement with DOGE to focus on Tesla.” Through it all, Cathie Wood and Ark Invest maintained their faith in Tesla. Wood, in particular, predicted that the “brand damage” Tesla experienced earlier this year would not be long term.

Despite recent fluctuations, Wood’s confidence in Tesla underscores its potential to redefine industries through AI and robotics. As Musk shifts his focus back to Tesla, the company’s advancements in Optimus and other innovations could drive it toward Wood’s ambitious $2,600 target, positioning Tesla as a leader in the evolving tech landscape.

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