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Tesla says working on China import hiccup

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Tesla says working on China import hiccupTesla said Wednesday it was working to resume imports of its new Model 3 sedan in China after the company said a labelling hiccup caused problems with customs. Elon Musk’s electric car firm denied the issue would impact sales of the vehicle in China, a key market for the automaker as it faces a battle to control costs and maintain profitability. Local business weekly Caixin reported Tuesday that China’s customs administration had suspended imports of its Model 3 cars and was holding more than 1,600 of the vehicles — briefly sending Tesla’s stock tumbling in the US.