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Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so

Quotes

    • 88:88
      If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both,
      Newsweek
      Trump posted on Truth Social
    • 88:88
      Elon Musk
      To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial."
      Reuters
      Still, Musk late on Wednesday said
    • 88:88
      Tesla is a relative beneficiary given 100% U.S. production footprint, substantial U.S. sourcing and with Model Y competing in a midsize crossover segment where close to ~50% of vehicles could be subject to tariffs,
      Reuters
      TD Cowen analysts said in a note
    • 88:88
      Seth Goldstein
      If all automakers raise prices to fully pass along tariff impacts, this would make Tesla cheaper relative to other luxury autos,
      Reuters
      said Seth Goldstein, analyst at Morningstar
    • 88:88
      Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant.”
      Daily Express
      The Tesla boss said
    • 88:88
      Even with aggressive localization of its supply chain domestically, certain parts and components are difficult or impossible to source within the United States."
      Newsweek
      A spokesperson for Tesla wrote in a letter to the U.S. trade representative
    • 88:88
      All cars that are not made in the United States" will be
      Newsweek
      he said
    • 88:88
      He’s never asked me for a favor in business whatsoever,
      Hindustan Times
      Trump said at an Oval Office event on Wednesday as he signed the proclamation putting the auto tariffs in place
    • 88:88
      There are very few winners,
      Brisbane Times
      Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions, said in a telephone interview
    • 88:88
      Tesla is the clear structural winner…. For everyone else, this is a margin reset and real drag on near-term earnings power,
      Forbes UK
      Roeska continued
    • 88:88
      Tesla wins, Detroit bleeds,
      Forbes UK
      Bernstein analysts led by Daniel Roeska declared Thursday
    • 88:88
      The imposition of tariffs…will have an impact on our business and profitability,
      Forbes UK
      Tesla’s chief financial officer Vaibhav Taneja said in the company’s January earnings call
    • 88:88
      He is spending most of his time in Washington, D.C., right now,
      International Business Times
      Nelson said
    • 88:88
      The biggest concern now is regarding the brand value,
      International Business Times
      said Nelson from CFRA
    • 88:88
      Lack of innovation, lack of new models,
      International Business Times
      Nelson said ... adding this
    • 88:88
      Picking a side, Republican or Democrat, can really do a lot of damage,
      International Business Times
      he added, pointing to the way Tesla's stock had fallen "dramatically," losing around a third of its value since the start of the year
    • 88:88
      We're looking at a 5 percent decline but it could be much more than that,
      International Business Times
      he told AFP
    • 88:88
      Elon Musk
      Tesla is a peaceful company; we've never done anything harmful, I've never done anything harmful; I've always done productive things. So there's some kind of mental illness thing going on because this doesn't make any sense."
      Newsweek
      In reaction to the continued protests against Tesla, Elon Musk said
    • 88:88
      In our view, Tesla’s softer auto deliveries are emblematic of a company in the transition from an automotive ‘pure play’ to a highly diversified play on AI and robotics,
      CNN
      he said in a note to clients
    • 88:88
      That sent an important signal to employees and shareholders,
      CNN
      Ives told CNN Tuesday