The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Subsidies, hydroelectricity and a manufacturing powerhouse neighbor are moving the cars into Nepal faster than almost anywhere else.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.
Automakers and car buyers are taking a second, harder look at hybrids after leaving them behind for electric vehicles.
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.
Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.