⏺ Elon Musk has acknowledged that Tesla will not be immune to the impact of President Trump's new 25% tariffs on foreign cars and parts. While Tesla’s shares were unaffected by the news, Musk emphasized that the cost impact would be significant.
⏺ Tesla’s Model Y, which is largely manufactured in the U.S., still sources many parts from abroad, making it vulnerable to the new tariffs. Industry experts predict the tariffs could raise car prices by $4,000 to $12,000.
Musk warns Tesla won't escape new car tariffs
⏺ Elon Musk has acknowledged that Tesla will not be immune to the impact of President Trump's new 25% tariffs on foreign cars and parts. While Tesla’s shares were unaffected by the news, Musk emphasized that the cost impact would be significant.
⏺ Tesla’s Model Y, which is largely manufactured in the U.S., still sources many parts from abroad, making it vulnerable to the new tariffs. Industry experts predict the tariffs could raise car prices by $4,000 to $12,000.
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