logo
Tesla to resume Chinese parts shipments for Cybercab, Semi truck

Tesla to resume Chinese parts shipments for Cybercab, Semi truck

Express Tribune14-05-2025
A Tesla Cybercab is displayed at the Los Angeles Auto Show, in Los Angeles, California, U.S., November 21, 2024.PHOTO: REUTERS
Tesla will resume shipping components from China to the United States by the end of May to support the production of its upcoming Cybercab and Semi truck models, according to a source with direct knowledge of the matter.
The decision follows a recent US-China agreement to roll back most tariffs and countermeasures, marking a significant easing in trade tensions after high-level talks in Geneva.
The development is expected to immediately impact manufacturing and supply chains for American companies reliant on Chinese imports.
Tesla had previously halted shipment plans after President Donald Trump raised tariffs on Chinese goods to 145%, threatening production schedules for the Cybercab and Semi.
The tariff truce, announced Monday, clears the path for trial production of the Cybercab in Texas and the Semi in Nevada starting in October. Mass production is targeted for 2026.
The Cybercab is Tesla's upcoming autonomous electric vehicle designed without a steering wheel or pedals. It is part of a planned robotaxi service, with the car expected to cost under $30,000.
Tesla is currently seeking state-level approvals to deploy the service across the US.
The Semi, Tesla's electric truck, is also scheduled for scaled production in 2026, with deliveries to clients such as PepsiCo.
The source cautioned that the situation remains fluid due to the Trump administration's unpredictable stance on trade. Tesla declined to comment.
CEO Elon Musk has openly opposed tariffs and lobbied Trump to ease trade restrictions, citing delays in critical equipment imports needed for US factory expansion.
CFO Vaibhav Taneja added that tariffs had negatively impacted Tesla's capital investment plans.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PM Shehbaz meets Chinese FM Wang Yi, vows to deepen strategic ties
PM Shehbaz meets Chinese FM Wang Yi, vows to deepen strategic ties

Business Recorder

time6 hours ago

  • Business Recorder

PM Shehbaz meets Chinese FM Wang Yi, vows to deepen strategic ties

Prime Minister Shehbaz Sharif on Thursday reaffirmed Pakistan's commitment to further strengthen its 'All-Weather Strategic Cooperative Partnership' with China during a meeting with Chinese Foreign Minister Wang Yi, who is on an official visit to Islamabad. According to the Prime Minister's Office, the meeting was also attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Field Marshal Syed Asim Munir, and senior cabinet members. Welcoming the Chinese foreign minister, PM Shehbaz expressed appreciation for Beijing's steadfast support to Pakistan in safeguarding its sovereignty, territorial integrity and national development. He also reiterated Pakistan's support for China on its core issues. China eyes agricultural, mining cooperation with Pakistan, foreign minister says The premier highlighted his upcoming visit to Tianjin and Beijing, where he will attend the Shanghai Cooperation Organisation Council of Heads of State (SCO CHS) meeting and events marking the 80th anniversary of the victory in the Chinese People's War of Resistance and the World Anti-Fascist War. He said he was looking forward to holding meetings with President Xi Jinping, Premier Li Qiang and other senior Chinese leaders. Pakistan, China pledge to uphold friendship for regional peace, stability PM Shehbaz stressed the importance of expanding bilateral cooperation in trade, investment, ICT, agriculture, industrialisation, and mining, while underscoring the significance of the China-Pakistan Economic Corridor (CPEC) for Pakistan's socio-economic development and regional connectivity. For his part, Foreign Minister Wang Yi described Pakistan as an 'ironclad friend' and reaffirmed China's commitment to further elevating bilateral ties. He said Beijing would continue to work with Islamabad to promote regional peace, development and stability.

DeepSeek launches faster V3 AI model with China chip support
DeepSeek launches faster V3 AI model with China chip support

Express Tribune

time6 hours ago

  • Express Tribune

DeepSeek launches faster V3 AI model with China chip support

Chinese artificial intelligence startup DeepSeek released on Thursday an upgrade to its flagship V3 model that the company says has a feature that can optimize it for Chinese-made chips, along with faster processing speeds. The focus on domestic chip compatibility may signal that DeepSeek's AI models are being positioned to work with China's emerging semiconductor ecosystem as Beijing pushes to replace US technology in the face of Washington's export restrictions. DeepSeek shook the technology world this year when it released AI models that compete with Western ones like OpenAI's ChatGPT while offering lower operational costs. Read More: Nvidia working on new AI chip for China that outperforms the H20, sources say The upgrade to DeepSeek's V3 model follows two other recent updates to its core models - an R1 model update in May and an earlier V3 enhancement in March. For domestic chip support, DeepSeek said in a WeChat post its DeepSeek-V3.1 model's UE8M0 FP8 precision format is optimised for "soon-to-be-released next-generation domestic chips". The company did not identify which specific chip models or manufacturers would be supported. FP8, or 8-bit floating point, is a data processing format that allows AI models to operate more efficiently, using less memory while running faster than traditional methods. Also Read: Pakistan issues list of illegal apps for betting, forex and binary trading The DeepSeek-V3.1 features a hybrid inference structure that enables the model to operate in both reasoning and non-reasoning modes, the company said in a WeChat post on Thursday. Users can toggle between these modes using a "deep thinking" button on the company's official app and web platform, both of which now run the V3.1 version. The company will also adjust the costs for using the model's API, a platform that allows developers of other apps and web products to integrate its AI models, starting September 6, the statement showed.

Trump hails ‘total victory' as US court quashes $464mn civil penalty
Trump hails ‘total victory' as US court quashes $464mn civil penalty

Business Recorder

time7 hours ago

  • Business Recorder

Trump hails ‘total victory' as US court quashes $464mn civil penalty

NEW YORK: A US court threw out Thursday a $464 million civil penalty against President Donald Trump imposed by a judge who found he fraudulently inflated his personal worth, calling the sum 'excessive' but upholding the judgment against him. Judge Arthur Engoron ruled against Trump in February 2024 at the height of his campaign to retake the White House, which coincided with several active criminal prosecutions that the Republican slammed as 'lawfare.' 'It was a Political Witch Hunt, in a business sense, the likes of which no one has ever seen before,' Trump said on his Truth Social platform Thursday, adding that 'everything I did was absolutely CORRECT and, even, PERFECT.' When Engoron originally ruled against Trump, he ordered the mogul-turned-politician to pay $464 million, including interest, while his sons Eric and Don Jr. were told to hand over more than $4 million each. The judge found that Trump and his company had unlawfully inflated his wealth and manipulated the value of properties to obtain favorable bank loans or insurance terms. Alongside the financial hit to Trump, the judge also banned him from running businesses for three years, which the president repeatedly referred to as a 'corporate death penalty.' On Thursday, five judges of the Appellate Division of the New York Supreme Court upheld the verdict, but ruled that the size of the fine was 'excessive' and that it 'violates the Eighth Amendment of the United States Constitution.' The Eighth Amendment prohibits excessive or cruel punishments and penalties. 'Massive win! State Attorney General Letitia James, who brought the initial case, could now appeal to the state's highest court, the New York Court of Appeals. Following the initial verdict, Trump subsequently sought to challenge the civil ruling as well as the scale and terms of the penalty, which has continued to accrue interest while he appeals. He repeatedly condemned the case and the penalty as politically motivated. His son Don Jr. termed the appellate court ruling a 'massive win!!!' 'New York Appeals Court has just THROWN OUT President Trump's $500+ Million civil fraud penalty! It was always a witch hunt, election interference, and a total miscarriage of justice… and even a left leaning NY appeals court agrees! NO MORE LAWFARE!' he wrote on X. During hearings, conducted without a jury under state law, Trump accused then-president Joe Biden of driving the case, calling it 'weaponization against a political opponent who's up a lot in the polls.' As the case was civil, not criminal, there was no threat of imprisonment. Trump's economic advisor Peter Navarro said at the White House Thursday that 'James is another one that belongs in jail,' referring to the New York attorney general. 'The Democrats really overplayed their hand on this because they thought they could take Donald Trump out,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store