Electric vehicle maker Tesla (TSLA) plans to restart shipping components from China for the production of its Cybercab and Semi trucks following the de-escalation of the tariff war between the U.S. and China, Reuters reported. Earlier, the steep tariffs disrupted the production plans of these two models of Tesla.
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Tesla to Resume Shipping of Chinese Components for Cybercab and Semi Trucks
Reportedly, Tesla plans to resume shipping parts from China to the U.S. for the production of Cybercab and Semi trucks from the end of this month. The company had suspended plans to ship the components when the Trump administration announced tariffs of 145% on Chinese imports. Tesla CEO Elon Musk, a political ally of U.S. President Donald Trump, has earlier spoken about the adverse impact of tariffs.
Notably, Tesla intends to commence the trial production of Cybercab and Semi trucks in October and mass production in 2026. The company will be producing Cybercab in Texas, while Semi trucks will be built in Nevada.
The news comes as the U.S. and China on Monday agreed to pull back most of the additional tariffs and retaliatory measures announced recently. However, sources cautioned that Tesla’s decision to resume shipping could change, given the unpredictability of the Trump administration.
Tesla was already under pressure due to price wars amid intense competition, a slowdown in EV demand owing to macro headwinds, and Musk’s political distractions. The announcement of new tariffs by the U.S. sparked trade wars and added to the company’s woes. TSLA stock has recovered 32.4% over the past month but is still down 17.3% year-to-date.
Is TSLA Stock a Buy, Sell, or Hold?
Given the ongoing pressures, Wall Street has a Hold consensus rating on Tesla stock based on 16 Buys, 10 Holds, and 11 Sells. The average TSLA stock price target of $284.23 implies about 15% downside risk from current levels.
