Tesla stops taking orders in China for US-made cars

00:00 Speaker A

Well Tesla shares slipping arsenic it stops taking orders successful China for 2 models imported from the US. The EV shaper feeling the sting from the tariffs connected China. Yahoo Finance's Pras Subramanian joining america present to discuss. So Pras, evidently we've seen a large ripple effect from what's going connected and this uh the latest illustration from Tesla.

00:25 Pras

Yeah, you cognize you saw these retaliatory tariffs successful China, 125% tariffs for US imports coming into China, which makes them not competitive, right? So for Tesla present their higher extremity models, the Model X and Model S EVs, some made successful California, person been pulled from the Chinese marketplace per Tesla's website. These cars outgo astir $100,000 US dollars oregon equivalent successful China and it would beryllium it would outgo treble the magnitude if if the tariff would beryllium placed connected them, truthful which is untenable for them astatine that point. So you cognize Tesla sold astir 2,000 of these vehicles past twelvemonth truthful it isn't a large mover for them, but it benignant of highlights the precarious concern that Tesla and different automakers find themselves present successful this post-trade warfare world.

01:34 Josh Lipton

And Pras, caller little priced cybertruck, my friend, is out. What are the details there, Pras, and could it assistance demand?

01:45 Pras

You know, Josh, I cognize you're looking astatine a pickup motortruck yourself, but not saying this motortruck would enactment for you, but the agelong scope variant is out. This is fundamentally a motortruck that costs $69,000, astir $10,000 little than the than the existent all-wheel thrust cheapest version. Basically, you're getting, you're getting a real-wheel thrust motor, not not an all-wheel thrust system. 350 miles of scope is not bad, but you get little towing capacity, you get cloth seats, and nary retractable tonneau cover, they telephone it, that goes implicit the back. And nary useful, the outlets, the outlets successful the back, successful the bed, are gone. So that's not happening either. So, you know, is it capable to determination the needle? With the taxation credit, you're down to astir $62,000, which is reasonably competitive, but you're you're up against the Rivian R1T and F150 Lightning, which are precise susceptible trucks that don't person the Musk and Tesla marque baggage, if you will. So hard to accidental if this cheaper motortruck volition assistance them, which according to Cox Automotive income were halved of the cybertruck successful Q1 compared to Q4. So a agelong mode to spell determination for them.

03:21 Speaker A

Pras, convey you. Josh, you're looking astatine a pickup truck?

03:28 Josh Lipton

I am. I've been talking to Pras. Well, I'm hoping Pras tin maybe, you know, helium knows immoderate people. He's a well-connected guy. That's wherefore I've been talking.

03:35 Speaker A

Get you immoderate opinions astir which ones to get. Now, I can't hold to I can't hold to spot pictures of Josh Lipton successful his caller pickup truck.