Megacap growth stocks mixed, with Tesla rising over 2%, while Apple slipped over 1%.
The European Union is poised to make small downward adjustments to the additional tariff rates proposed for electric vehicles that Tesla Inc. and other carmakers import from China, according to people familiar with the matter.
Tesla ’ s proposed rate will be revised to just below 8%, from 9%, said the people, who spoke on condition of anonymity because the changes have not yet been announced. The EU is making the revisions due to new information that companies have provided, the people said.
Apple on Tuesday said it would record a one-time income tax charge of up to $10 billion in the fourth quarter ending Sept.28, after the company lost its fight against an order by EU competition regulators to pay 13 billion euros in back taxes to Ireland.
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