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

Automaker stocks fell after President Donald Trump announced a 25% tariff on auto imports, effective April 3.
General Motors is expected to be the most affected due to sourcing about 40% of vehicles from Mexico and Canada.
Automaker stocks dropped after President Donald Trump announced a 25% tariff on auto imports, impacting several companies severely, especially Detroit automakers.

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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.

3 days ago·Atlanta, United States

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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.

3 days ago·Hong Kong

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National Post

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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

3 days ago·Canada

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Sludge

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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 …

3 days ago

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