Tag TSLA

Tesla Shares Surge Despite Musk Warns of 'Significant' Hit from Trump Tariffs...

Tesla (TSLA) could be negatively impacted for another year by the political activities of its CEO, Elon Musk, according to Gene Munster, managing partner and co-founder at Deepwater Asset Management. Munster made the comments on CNBC earlier this week. But over the longer term, Musk’s activism will not damage Tesla, the analyst asserted. Musk Will […]...

President Trump is readying an announcement on auto tariffs as soon as today, Josh Wingrove and Joe Deaux of Bloomberg report, citing people familiar with the matter. Trump told reporters earlier this week that he would detail the auto levies in the coming days, Bloomberg notes. The level and scope of the auto tariffs are not clear, it adds. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (...

Tesla Chief Executive Elon Musk says the electric-car maker won't be “unscathed” by President Trump’s 25% auto tariffs. Tesla’s stock climbed more than 4% in morning trading Thursday, while shares in GM, Ford and Jeep-maker Stellantis fell as investors digested the news of the new import duties on foreign-made cars that go into effect next week. “To be clear, this will affect the price of parts in Tesla cars that come from other countries,” Musk wrote on his social-media platform X. “The cost impact is not trivial.”...

U.S. equities traded lower at midday after briefly recovering from earlier losses caused by new tariffs on imported vehicles and parts...

Both European and American automakers are seeing their shares take a hit from President Trump's decision to put a 25% levy on vehicles and some auto parts imported into the US. There are a couple of auto stocks moving higher though. Both Tesla and Rivian are trading higher given how much of their production is in the United States. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute...

Tesla Risks 50% Drop on Weak Demand and Rising Competition, Analysts Warn...

(Bloomberg) -- Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship...

After weeks of speculation, the auto tariffs announced by President Trump on Wednesday ended up being almost a worst-case scenario for carmakers. The U.S. president previously granted an exemption to his tariffs on imports from Mexico and Canada for goods complying with free-trade-area rules. The result: Ford and GM could face a 30% hit to their operating profit this year even if they increase prices and adjust sourcing, according to Bernstein...

(Reuters) -As the global auto world reeled from the potential fallout of Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla. The Texas-based company's shares were the rare automotive stock to trade in the green in U.S. action, as analysts said Tesla's supply chain and financial performance may not be affected by the wide-ranging levies that will affect global shipments of both cars and car parts to the United States, mainly due to the company's largely domestic production. Still, that relief in the United States, where Musk has become one of President Trump's primary advisers, tasked with swiftly cutting federal spending, may not improve the brand's reputation worldwide...