Tesla Best Poised To Take Advantage Of New China Trade Deal

Phase One of the new US-China trade deal was signed last week, and its unconventional approach is likely to lead to a nice jolt for Tesla Model X and S sales from California to China.

Unlike most trade deals that set tariff rates and non-discrimination clauses, this deal has a much more transactional component: China commits to spend at least $200 billion extra on US goods and services over what it spent in 2017. Of that $200 billion, $162.1 billion is earmarked for US-made goods. That’s a lot. In 2017, China imported just $127.7 billion in US goods.

USNA1999 - 1/23/2020 1:55:25 PM

0 Boost

“Deep in debt, selling less than 400,000 vehicles last year and challenged by several competing electric car models in 2020, Tesla’s stock valuation stunningly exceeds VW which sold over 10 million vehicles last year,” Nader added in a follow-up tweet. “Watch out, Tesla believers.

runninglogan1 - 1/23/2020 4:04:31 PM

+2 Boost

Lol. Haven't we been hearing this same bs for the past ten years?

Even Bob Lutz sees the light now.

SanJoseDriver - 1/29/2020 3:35:45 AM

+1 Boost

When are we going to get back the billions lost on the GM and Chrysler loans? No, I think the US has gotten their money's worth from Tesla and then some. Tesla is putting the US back at the forefront of the global auto market.