Two months after Tesla CEO Elon Musk broke ground for a new factory in Shanghai, authorities in China suspended customs clearance procedures for the electric carmaker’s lowest-priced car, the Model 3. China Holds Tesla Model 3s Hostage According to Caixin Global, customs authorities in Shanghai are currently holding 1,600 Tesla Model 3 cars after finding various irregularities. China is Currently Holding 1,600 Teslas at Customs http://bit.ly/2TfPAAR via @CaixinLive — Caixin Global (@caixin) March 5, 2019 Some of the irregularities included improper labeling. Per the General Administration of Customs (GAC), there were missing labels as well as labeling inaccuracies, according to
The post Tesla Stock Plummets after China Takes 1,600 Model 3s Hostage appeared first on CCN
source https://www.ccn.com/tesla-stock-plummets-after-china-takes-1600-model-3s-hostage
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