Tesla Gets Caught In EU-China Crossfire

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As it cracks down on China-made electric vehicles, the EU isn't just rounding up the usual suspects. The probe will ensnare big international names as well, including BMW, Renault, and EV superstar Tesla, which all export EVs from China. Elon Musk might need to break out some diplomatic skills soon.

The EU's antitrust investigation claims that China is artificially flooding the market with cheap EVs via enormous state subsidies. An EU official told the Financial Times on Tuesday that the probe applies to any company that exports EVs from China.

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Source Fool.com