00:00 It's Benzinga and here's what's on the block.
00:02 Tesla announced it will likely increase the prices of its Model 3 electric car in Europe
00:07 from July 1st due to higher import duties imposed by the EU on EVs made in China.
00:12 An EU investigation into subsidies for China's electric vehicles resulted in higher tariffs,
00:17 which will be imposed on July 4th.
00:19 Tesla's Gigafactory in Shanghai exports many of the cars it produces overseas.
00:24 The EU has not yet announced the exact tariff Tesla will have to pay on Model 3s imported
00:28 from China to Europe.
00:30 Tesla may receive individually calculated duty rate.
00:32 For all things money, visit Benzinga.com.
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