Tesla down on report tariffs disrupt sourcing from China for robotaxi, Semi truck
Shares of electric vehicle maker Tesla TSLA.O down 1.9% at $249.27
Reuters reports Tesla's plans to ship components from China for Cybercab robotaxi and Semi electric trucks to the U.S. were suspended after President Donald Trump raised tariffs on Chinese goods, citing a person with direct knowledge
The company was scheduled to start receiving component shipments in upcoming months with the goal of starting trial production of the two models in October and mass production in 2026, the person said
The move could disrupt Tesla's plan to start mass production of the much-anticipated models
CEO Elon Musk has touted Cybercab to be Tesla's next innovation as the company pivots from selling more affordable electric cars to self-driving technology and robotics
Up to last close, TSLA had fallen ~37% this year
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