Published 10 days ago • loading... • Updated 7 days ago

Musk says impact of auto tariffs on Tesla is 'significant'

Elon Musk stated that Tesla will experience a significant impact from the tariffs, despite the company's production in the U.S. Providing some protection against the levies.
President Trump imposed a 25% tariff on foreign-made cars and parts, which is expected to cause a $3,700 average vehicle price increase and significantly affect competitors like GM and Ford.
Tesla shares rose nearly 4% following the tariff announcement, while Ford shares fell 4% and GM shares plunged 8%.
Automakers facing tariffs, including GM and Ford, may encounter drops of up to 30% in earnings before interest and taxes in 2025 and are projected to face up to $110 billion in annual tariff costs.

Insights by Ground AI

Does this summary seem wrong?

121 Articles

All

Left

Center

Right

CNN

+6 Reposted by 6 other sources

Lean Left

‘I have like 17 jobs.’ Investors wonder if Elon Musk is spending enough time at Tesla to lead the company

Investors are increasingly calling for Musk to shift focus back to Tesla as the company faces a brand crisis.

9 days ago·Atlanta, United States

Read Full Article

Asia Times

Lean Left

Trump's tariffs won't save Musk from China's BYD

No one wins in a trade war, as economists have insisted for decades. Yet Elon Musk sure does seem to be blowing this maxim to smithereens. In January 2024, the Tesla billionaire warned that America’s electric vehicle industry had no chance of beating China’s without massive tariffs. Fast forward 14 months and Musk finds himself […] The post Trump’s tariffs won’t save Musk from China’s BYD appeared first on Asia Times.

9 days ago·Hong Kong

Read Full Article

National Post

Lean Right

Tariffs, Elon Musk and charging headaches: Quebec is suddenly seeing trouble in its EV paradise

In Quebec, there were more than 50,000 Teslas registered in 2024, which is eight per cent of the 376,000 electric vehicles in the province

9 days ago·Canada

Read Full Article

Sludge

Left

Tesla Gets a Recharge From Trump’s Auto Tariffs

💡Share this on Bluesky and XIn the latest turn of a tariff saga, President Trump yesterday announced 25% tariffs on foreign-made automobiles and car parts, piling onto increased steel and aluminum tariffs imposed on March 12. The auto tariffs would take effect on April 3—although previous Trump administration tariffs have been walked back or canceled—and were touted by the president as a measure that would raise $100 billion and boost domestic …

9 days ago

Read Full Article