Tesla, Elon Musk
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Tesla could be a winner from the auto tariffs announced by President Trump on Wednesday — or at least suffer less than its competitors.
From The New York Times
“He tried to spend his unlimited resources to buy a state Supreme Court seat in Wisconsin,” House Minority Leader Hakeem Jeffries (D-N.Y.) said on MSNBC on Tuesday night.
From HuffPost
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Things haven't been good for Tesla for a while now. Even before CEO Elon Musk began ripping through the federal government to global outcry, its late-2024 sales were way down, leading to a sizable fall in stock price.
5don MSN
Musk says Tesla is “NOT unscathed” from Trump’s tariffs, but auto industry analyst consensus suggests Tesla has a far smoother tariff road than other American carmakers.
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inews.co.uk on MSNWhy Elon Musk’s Tesla will be less of a loser from Trump’s car tariffsElon Musk has warned that Tesla will not escape the impact of sweeping new US auto tariffs, but the electric car maker could still gain a competitive edge over its rivals. On Wednesday, Donald Trump announced a 25 per cent tariff on all non-US-made vehicles and parts,
Elon Musk said President Donald Trump’s steep new tariffs on cars and auto parts will have a “significant” impact on Tesla, even though financial indicators suggest other carmakers will be dealt a bigger blow.
Tesla’s market value has slumped in recent weeks while he has potentially big enemies among Donald Trump’s Maga clique
Lucid has received half of all orders in recent months from Tesla drivers. CEO Marc Winterhoff says LCID is insulated from Trump tariffs.
Shares in Tesla, which is known for its US factories and whose boss Elon Musk is one of Trump's biggest donors and closest advisers, were notably spared from the hit, ending the day flat. But Musk warned that even his company would not be immune from the tariff disruption.
Protests erupted in the US and Europe demanding Elon Musk's resignation from his government role. Demonstrations were organized by environmental activists, Tesla customers, and political figures highlighting concerns over Musk's influence and Tesla's declining product quality.