China lifts suspension on import of Tesla Model 3s
Tesla shares rose 3% after it said the issue had been resolved
Beijing — China’s customs authority has lifted its suspension on imports of Tesla’s Model 3, an official in the authority’s news department told Reuters on Thursday. “We can confirm that the warning notice on Tesla has been canceled,” said the official, who only gave his surname as Tao. Tesla declined to comment. Two sources familiar with the matter told Reuters earlier on Thursday that the suspension was lifted after Tesla made the necessary rectifications. China’s General Administration of Customs stopped clearing Tesla Model 3 imports last week, saying they did not have the required Chinese language warning signs and had missing or incorrect nameplate labels. Tesla said at the time that the company had reached a solution with the authorities. Its shares fell more than 5% on the day news of its imports being suspended first broke and rose 3% later after it said the issue had been resolved. The California-based company only started delivering Model 3 cars to China at the end of Feb...
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