Labor costs in the US will more than wipe out any
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Posted On: 01/23/2024 10:11:50 PM
Labor costs in the US will more than wipe out any savings from not paying the 25% tariff. And this assumes the US finds lithium reserves and can mine it cost effectively. Highly unlikely in my opinion.
So again, what’s the benefit of having production in the US? You do understand the EV market in Asia is far greater than the US. People falsely believe a company locates to China for low costs. Many do so because this is where the market is and they plan on servicing it. Tesla is not a factor in China compared to local companies.
So again, what’s the benefit of having production in the US? You do understand the EV market in Asia is far greater than the US. People falsely believe a company locates to China for low costs. Many do so because this is where the market is and they plan on servicing it. Tesla is not a factor in China compared to local companies.
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