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You can bet that the 100% tariff on BYD cars in the US isn’t going anywhere with Musk so influential in the government. A $14k EV would be a huge threat to Tesl

You can bet that the 100% tariff on BYD cars in the US isn’t going anywhere with Musk so influential in the government. A $14k EV would be a huge threat to Tesla’s market cap.

SauciestGNU 2y ago
I think rest of world will gobble these up though, especially with retaliatory tariffs or straight up import bans on Teslas on the table from aggrieved trading partners.
notatoad 2y ago
even if the tariff did disappear, i can't imagine BYD is going to be too eager to get into the US market. there's plenty of other places to sell cars.
- asadotzler 2y ago
  They will eventually build in Mexico (or the US South) and we'll get them here.
hathawsh 2y ago
OTOH, theoretically, could we produce a decently priced EV with US materials only? If we go all-in on automation, could one factory worker do the job that many do today, thereby reducing costs? If we can head in that direction, I think Elon wants to compete in that kind of market, not bog it down with regulation.
- callc 2y ago
  Sure. Price every good from not-USA 1000x and let’s see what happens. I thought the republicans were in favor of a free market, but it seems more like those with power don’t mind putting some weight on their side of the scale, since they own the scale and the bank. > I think Elon wants to compete in that kind of market, not bog it down with regulation Be careful about any phrase that starts with “I think {person} wants to…” especially if person is rich/powerful. Judge people based on their actions, not the facade they put on.
  - hedora 2y ago
    We already know what will happen. The US goods will be priced to match the price of foreign goods with tariffs and zero money will be spent investing in future production capacity in the US. We know this will happen because it is what always happens when countries impose punitive tariffs on foreign goods. Later, the domestic industry collapses and the tariffs are lifted.
- hn_acc1 2y ago
  > I think Elon wants to compete in that kind of market, not bog it down with regulation. Exactly what market is that? Where Tesla has 0 responsibility for any issues / defects / deaths-from-FSD? Sure, that market he wants to play in - it has only upside for him. The one where he has to compete on price/features/whatever, and he can't make rude comments or cut people off who he doesn't like? Please pass the bong..
- drawkward 2y ago
  Elon is a direct beneficiary of government subsidies on EVs. He wants regulations if it benefits his profitability.
xyst 2y ago
To me, tariffs from the orange man are political theater and appeal to his base, and subsequently sell it via media. What’s to stop manufacturers of goods from shipping it from a country that is not China, laundering it through a different country. Paper work for container says, “imported from {non tariff restricted country}” at the ship yard. Cheap Chinese goods still flood the market. Orange man gets to say he has been hard on China via tariff war.
- atlintots 2y ago
  In fact, the tariffs on BYD cars were imposed by the Biden administration.
  - filoeleven 2y ago
    Yes, Biden increased by $18 billion the $300 billion tariffs that Trump first put in place. > The new tariff rates – which range from 100% on electric vehicles, to 50% for solar components, to 25% for all other sectors – will take place over the next two years. https://www.cnn.com/2024/05/14/politics/biden-tariffs-chinese-imports/index.html https://www.cnn.com/2024/05/14/politics/biden-tariffs-chines... May 14, 2024
    - atlintots 2y ago
      Yes, and this discussion is about electric vehicles in particular: > Electric vehicles imported from China will see their tariffs more than quadrupled from 27.5% to 100%
IncreasePosts 2y ago
I'm just waiting for the inevitable fallout that seems to come with most trump advisors to buy BYD stock.
modeless 2y ago
Let's not blame the current administration for tariffs that Biden imposed.
hnburnsy 2y ago
>You can bet that the 100% tariff on BYD cars in the US isn’t going anywhere with Musk... https://www.bbc.com/news/articles/cq55zd2xjreo https://www.bbc.com/news/articles/cq55zd2xjreo >Musk opposes US tariffs on Chinese electric cars. "In fact, I was surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good," Mr Musk said on Thursday. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs," he added.
- bagels 2y ago
  Musk says a lot of things that are not true. Hard to know if that was a serious take.
- senordevnyc 2y ago
  Musk seems significantly more unhinged today than he did nine months ago.
- Cyph0n 2y ago
  That was in May of last year. A lot has changed since then.
  - hnburnsy 2y ago
    2025... https://finance.yahoo.com/news/tesla-joins-legal-battle-against-132900144.html https://finance.yahoo.com/news/tesla-joins-legal-battle-agai... >Tesla TSLA has joined BMW and several Chinese manufacturers in challenging EU tariffs on China-made electric vehicles at the Court of Justice of the European Union (CJEU), per a court filing.
    - woodruffw 2y ago
      That article is about EU tariffs, not US tariffs. Notably the EU tariffs affect him; that's why he's opposed to them.
- filoeleven 2y ago
  > 23 May, 2024

You can bet that the 100% tariff on BYD cars in the US isn’t going anywhere with Musk so influential in the government. A $14k EV would be a huge threat to Tesla’s market cap.

SauciestGNU 2y ago

I think rest of world will gobble these up though, especially with retaliatory tariffs or straight up import bans on Teslas on the table from aggrieved trading partners.

notatoad 2y ago

even if the tariff did disappear, i can't imagine BYD is going to be too eager to get into the US market. there's plenty of other places to sell cars.

asadotzler 2y ago
They will eventually build in Mexico (or the US South) and we'll get them here.

hathawsh 2y ago

OTOH, theoretically, could we produce a decently priced EV with US materials only? If we go all-in on automation, could one factory worker do the job that many do today, thereby reducing costs? If we can head in that direction, I think Elon wants to compete in that kind of market, not bog it down with regulation.

callc 2y ago
Sure. Price every good from not-USA 1000x and let’s see what happens. I thought the republicans were in favor of a free market, but it seems more like those with power don’t mind putting some weight on their side of the scale, since they own the scale and the bank. > I think Elon wants to compete in that kind of market, not bog it down with regulation Be careful about any phrase that starts with “I think {person} wants to…” especially if person is rich/powerful. Judge people based on their actions, not the facade they put on.
- hedora 2y ago
  We already know what will happen. The US goods will be priced to match the price of foreign goods with tariffs and zero money will be spent investing in future production capacity in the US. We know this will happen because it is what always happens when countries impose punitive tariffs on foreign goods. Later, the domestic industry collapses and the tariffs are lifted.
hn_acc1 2y ago
> I think Elon wants to compete in that kind of market, not bog it down with regulation. Exactly what market is that? Where Tesla has 0 responsibility for any issues / defects / deaths-from-FSD? Sure, that market he wants to play in - it has only upside for him. The one where he has to compete on price/features/whatever, and he can't make rude comments or cut people off who he doesn't like? Please pass the bong..
drawkward 2y ago
Elon is a direct beneficiary of government subsidies on EVs. He wants regulations if it benefits his profitability.

xyst 2y ago

To me, tariffs from the orange man are political theater and appeal to his base, and subsequently sell it via media. What’s to stop manufacturers of goods from shipping it from a country that is not China, laundering it through a different country. Paper work for container says, “imported from {non tariff restricted country}” at the ship yard. Cheap Chinese goods still flood the market. Orange man gets to say he has been hard on China via tariff war.

atlintots 2y ago
In fact, the tariffs on BYD cars were imposed by the Biden administration.
- filoeleven 2y ago
  Yes, Biden increased by $18 billion the $300 billion tariffs that Trump first put in place. > The new tariff rates – which range from 100% on electric vehicles, to 50% for solar components, to 25% for all other sectors – will take place over the next two years. https://www.cnn.com/2024/05/14/politics/biden-tariffs-chinese-imports/index.html https://www.cnn.com/2024/05/14/politics/biden-tariffs-chines... May 14, 2024
  - atlintots 2y ago
    Yes, and this discussion is about electric vehicles in particular: > Electric vehicles imported from China will see their tariffs more than quadrupled from 27.5% to 100%

IncreasePosts 2y ago

I'm just waiting for the inevitable fallout that seems to come with most trump advisors to buy BYD stock.

modeless 2y ago

Let's not blame the current administration for tariffs that Biden imposed.

hnburnsy 2y ago

>You can bet that the 100% tariff on BYD cars in the US isn’t going anywhere with Musk... https://www.bbc.com/news/articles/cq55zd2xjreo https://www.bbc.com/news/articles/cq55zd2xjreo >Musk opposes US tariffs on Chinese electric cars. "In fact, I was surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good," Mr Musk said on Thursday. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs," he added.

bagels 2y ago
Musk says a lot of things that are not true. Hard to know if that was a serious take.
senordevnyc 2y ago
Musk seems significantly more unhinged today than he did nine months ago.
Cyph0n 2y ago
That was in May of last year. A lot has changed since then.
- hnburnsy 2y ago
  2025... https://finance.yahoo.com/news/tesla-joins-legal-battle-against-132900144.html https://finance.yahoo.com/news/tesla-joins-legal-battle-agai... >Tesla TSLA has joined BMW and several Chinese manufacturers in challenging EU tariffs on China-made electric vehicles at the Court of Justice of the European Union (CJEU), per a court filing.
  - woodruffw 2y ago
    That article is about EU tariffs, not US tariffs. Notably the EU tariffs affect him; that's why he's opposed to them.
filoeleven 2y ago
> 23 May, 2024