China's customs authority has lifted its suspension on imports of Tesla...
FILE PHOTO: A Tesla Model 3 car leaves a cargo vessel at a port in Shanghai, China February 22, 2019. REUTERS/Stringer
“We can confirm that the warning notice on Tesla has been canceled,” said the official, who only gave his surname as Tao. China’s General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels.Its shares fell more than 5 percent on the day news of its imports being suspended first broke and rose 3 percent later after it said the issue had been resolved.
Tesla currently imports all the cars it sells in China, but it is in the process of building a factory in Shanghai that will manufacture Model 3 cars in the initial phase and help it minimize the impact of the trade war and tariffs.
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