'It's total chaos': To companies caught in the U.S.-China trade war, tariffs are big trouble
by Jim Puzzanghera, Los Angeles Times
Oct 26, 2018
4 minutes
WASHINGTON - Investors breathed a sigh of relief Thursday when Tesla Inc. calmed fears that it was burning too much cash and losing money.
But a word sprinkled in the text of the quarterly report signaled another potential problem that may lie ahead for the electric-car maker: tariffs.
Tesla warned that U.S. duties on imported parts from China will cause a hit of about $50 million to its gross profit on combined sales for its Model 3, S and X vehicles.
Chief Executive Elon Musk referred to "the tariff wars" in a call with analysts Wednesday in citing some of the
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