Tesla warns that U.S. trade actions could provoke immediate responses from affected countries, including increased tariffs on EVs imported into those nations.
Despite efforts to source components domestically, Tesla acknowledges that certain parts are challenging or impossible to procure within the U.S.
China, being Tesla's second-largest market, poses significant concerns. Previous trade tensions have led to reduced revenues in China, highlighting the sensitivity of this market to tariff fluctuations.
Tesla's share price has experienced notable declines, with a 40% drop since the year's start. While some attribute this to Musk's political affiliations, analysts point to challenges in meeting production targets and declining sales as primary factors.
U.S. tariffs on China, the EU, and Canada heighten trade tensions, disrupting global supply chains and industries reliant on international trade.
Elon Musk's role as head of the Department of Government Efficiency (Doge) reflects his commitment to reducing federal government size.
In a recent White House event, President Trump expressed strong support for Tesla, even purchasing a new Tesla vehicle.
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