US reportedly denies Tesla's request to waive tariffs on Chinese-made Model 3 parts
- Tesla's requests to waive tariffs on the car company's China-made center screen and car computer on its Model 3 has reportedly been denied.
- The U.S. Trade Representative previously denied a waiver request for Tesla's autopilot "brain" in May.
- The automaker is seeking exemptions from the 25% tariffs imposed on certain imports from China by the Trump administration.
The U.S. trade representative's office has reportedly denied electric car maker Tesla's requests to waive tariffs on the car company's China-made center screen and car computer on its Model 3.
The office previously denied a waiver request for Tesla's autopilot "brain" in May. The automaker is seeking exemptions from the 25% tariffs imposed on certain imports from China by the Trump administration.
Tesla's shares dropped about 1% immediately following the report before rebounding to trade roughly 1.5% higher for the day.
Tesla has stated that it expects to produce and deliver between 90,000 and 100,000 vehicles this quarter. The automaker has been building a factory in China for its Model 3.
Requests for comment to the U.S. trade representative's office and to Tesla were not immediately returned.
Reuters contributed to this report.