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

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