Elon Musk may not develop two new Tesla models as planned, thanks to the increase in the rates of Chinese goods imposed by the Trump administration.
Atmosphere He reports that “the plans for sending China components for (Tesla’s) Cybercab and the semi -electric trucks in the United States were suspended after President Donald Trump increased the rates on Chinese goods in the middle of a trade war, said a direct knowledge.”
It is an ironic event for Musk, which is the head of the Trump Administration Government Efficiency Department and that companies have previously received $ 38 billion in government funding.
According to the report, the production of testing of the two vehicle models was planned for October, followed by mass production by 2026.But this was before the rise of Chinese goods rates, 34% to 145%, which is apparently too high even for the richest man in the world.
“Tesla was ready to absorb the additional costs when Trump imposed the 34% rate on Chinese goods, but he could not do it when the rate exceeded this, leaving the shipping plans suspended, he said that the person, who refused to be named as a matter, was private,” Reuters said. “Trump increased the additional rates to 84%on April 9, and since then, it has increased to 125%, bringing total rates to Chinese goods exported to the United States to 145%.”
In the midst of mounting public discontent to Musk and Tesla, Tesla US sales since the first quarter of 2025 are 8.6% for 8.6% Compared to last year, and 21% dropped compared to 2023.