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Elon Musk Warns Of 'Significant' Impact On Tesla Due To Trump's Auto Tariffs: 'The Cost Impact Is Not Trivial'

Benzinga LogoBenzinga5d ago

Elon Musk Warns Of 'Significant' Impact On Tesla Due To Trump's Auto Tariffs: 'The Cost Impact Is Not Trivial' - Benzinga

Quick Summary:

The tariff impact on Tesla is still significant.— Elon Musk (@elonmusk) March 27, 2025 What Happened: Following the tariff announcement, Tesla’s shares plummeted nearly 6% on Wednesday.

Elon Musk on Wednesday said that Tesla Inc.(NASDAQ:TSLA) will face a significant impact due to President Donald Trump‘s 25% tariffs on foreign-made automobiles.

Musk highlighted on X that while Tesla manufactures all its U.S.-sold vehicles domestically, it still imports parts from other countries, particularly from China.

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Elon Musk Warns Of 'Significant' Impact On Tesla Due To Trump's Auto Tariffs: 'The Cost Impact Is Not Trivial' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 06:13:40 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27364404

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 11 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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