Tesla Stock Plummets after China Takes 1,600 Model 3s Hostage

Tesla Stock Plummets after China Takes 1,600 Model 3s Hostage

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Two months after Tesla CEO Elon Musk broke ground for a new factory in Shanghai, authorities in China suspended customs clearance procedures for the electric carmaker’s lowest-priced car, the Model 3. China Holds Tesla Model 3s Hostage According to Caixin Global, customs authorities in Shanghai are currently holding 1,600 Tesla Model 3 cars after finding various irregularities. China is Currently Holding 1,600 Teslas at Customs https://t.co/lokqjoeKqc via @CaixinLive — Caixin Global (@caixin) March 5, 2019 Some of the irregularities included improper labeling. Per the General Administration of Customs (GAC), there were missing labels as well as labeling inaccuracies, according to

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