Reported 4 days ago
Elon Musk has stated that the new auto tariffs imposed by President Trump will not negatively impact Tesla, as the company manufactures its vehicles in the U.S. and does not sell any cars produced in its overseas factories in the American market. While competitors like GM and Ford are seeing their stocks decline due to the tariffs, Tesla's localized production minimizes the risks. Musk also suggested that the potential elimination of the federal EV tax credit might be a concern for Tesla, yet he believes it could ultimately benefit Tesla in the long run, despite differing opinions from Wall Street analysts.
Source: YAHOO