December 3, 2022

Raven Tribune

Complete News World

Elon Musk has dropped a report that Tesla will export Chinese-made cars to the US

Elon Musk has dropped a report that Tesla will export Chinese-made cars to the US

CEO of Tesla Elon Musk On Friday, it denied a Reuters report that the electric car maker was considering exporting its Chinese-made vehicles to the United States.

In distinctively succinct fashion, Musk answered “wrong” in response to a Reuters story: “Tesla is considering exporting electric cars made in China to the United States.”

The company did not immediately respond to a request by FOX Business for comment on the story.

FILE: Tesla Model Y and Model 3 electric cars, which will be sent to the port of Zeebrugge in Belgium, wait to be loaded onto the Wallenius Wilhelmsen-operated folding freighter Theben at Port Nangang on May 15, 2022, in Shang (Photo by Shen Chunchen/VCG via Getty Images)

According to the report, Tesla has been studying whether parts made by its suppliers in China are compliant with local regulations in North America. If so, the company is said to decide whether to ship Chinese-made Form Y and Form 3 Cars for sale there as soon as next year

ELON MUSK Sold Nearly $4 Billion TESLA Stock In Twitter Acquisition

Anonymous sources close to the matter told Reuters that if that happens, it will likely set up an export channel to Canada.

Shanghai Gigafactory Tesla’s Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles annually, making it the company’s most productive manufacturing center.

The Shanghai plant, which makes Model 3 and Y sedans, currently sells and exports those vehicles in China. Markets in EuropeAustralia and Southeast Asia.

To date, Tesla cars sold in North America have been manufactured at its plants in Fremont, California, and Austin, Texas.

Click here for the FOX Business App

The California plant, Tesla’s first, produces Model S and Model 3 sedans, Models X and Model Y crossovers. The Texas plant, which opened earlier this year, is making the Model Y and will produce Tesla’s next Cybertruck.

Reuters contributed to this report.