Tesla Gets Caught In EU-China Crossfire
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
As it cracks down on China-made electric vehicles, the EU isn't just rounding up the usual suspects. The probe will ensnare big international names as well, including BMW, Renault, and EV superstar Tesla, which all export EVs from China. Elon Musk might need to break out some diplomatic skills soon.
The EU's antitrust investigation claims that China is artificially flooding the market with cheap EVs via enormous state subsidies. An EU official told the Financial Times on Tuesday that the probe applies to any company that exports EVs from China.
Source Fool.com
BMW AG ADR Stock
€26.40
-2.940%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the BMW AG ADR stock is not clear.
With a target price of 125 € there is potential for a 373.48% increase which would mean more than doubling the current price of 26.4 € for BMW AG ADR.
