Kirsten Korosec
Kirsten Korosec
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Tesla sues Trump Administration to end tariffs on the ‘brain’ of its vehicles – TechCrunch

Tesla sues Trump Administration to end tariffs on the ‘brain’ of its vehicles – TechCrunch

is suing the Trump Administration over tariffs on a computer chip and other parts it imports from China, joining an increasingly long list of similar lawsuits filed by hundreds of companies, including automakers Ford, Mercedes-Benz and Volvo.Tesla, which names U.S. Trade Representative Robert Lighthizer in the lawsuit filed in the U.S. Court of International Trade, wants the court to declare the tariffs unlawful. Bloomberg was the the lawsuit. Tesla is also seeking a refund for the tariffs it paid with interest. The lawsuit centers on two types of tariffs, a 25% duty enacted in 2018 and...

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Kirsten Korosec
2d ago
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Tesla plans to build a cathode plant and get into the lithium mining business – TechCrunch

Tesla plans to build a cathode plant and get into the lithium mining business – TechCrunch

A little more than a year ago, during 2019 shareholder’s meeting, CEO Elon Musk said the company “might get into the business of mining minerals used in electric vehicle batteries.”Today, during Tesla’s so-called Battery Day event, Musk confirmed that the company is taking the first official step byThe lithium mine is just one piece of Tesla’s broader plan to build a cheaper, more efficient battery that will ultimately allow it to lower the price of its vehicles. It’s also another example of Tesla aiming to bring its supply chain closer to its home.Musk and Drew Baglino, the SVP of...

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Kirsten Korosec
3d ago
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Tesla promises up to 30% lower rates with new car insurance play

Tesla promises up to 30% lower rates with new car insurance play

Tesla said Wednesday it has launched an insurance product, promising owners of its electric vehicles to deliver rates 20% and even as high as 30% lower than other insurance providers. For now, the product known as Tesla Insurance, will only be available to owners in California. The business will expand to additional U.S. states in the future, Tesla said, without naming where or providing a timeline. The announcement follows Tesla CEO Elon Musk’s promise back in April that the company would launch an insurance product “in about a month.” At the time, he said it would be “much more...

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Kirsten Korosec
Aug 28
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Trump Adds Tariffs to $550 Billion of Chinese Imports in Trade War Reprisal

Trump Adds Tariffs to $550 Billion of Chinese Imports in Trade War Reprisal

President Trump announced Friday on Twitter that tariffs on Chinese imports will increase 5 percentage points in a tit-for-tat response to China’s own plans to place new duties on U.S. goods. About $250 billion of goods produced by China and imported into the U.S. already have a 25% tariff. This newest increase will push tariffs to 30% beginning October 1, 2019. Trump also increased “List 4” tariffs from 10% to 15%. The List 4 tariff, which affects the remaining $300 billion of Chinese imports, will go into effect September 1 and December 15.…unfair Trading Relationship. China should not...

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Kirsten Korosec
Aug 24
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