Elon Musk says Tesla will not be mismatched by Trump Car Tariffs star-news.press/wp

New car tariffs Donald Trump will have a “significant” effect on Tesla (Tsla+ 1.28%)The whole elon musk says.

“It is important to note that Tesla is not untouched here,” Musk told On his Xu Wednesday night. “To be clear, this will affect the price of parts in Teslina cars coming from other countries. The impact of costs is not trivial”, he added In another post.

The new 25% of the heading of the administration on all imports of ready-made cars and trucks and car washes are set into force 3. April. Almost half of all vehicles sold in the USA, such as nearly 60% of all parts in the USA in the USA

Although vaguely how much duty will affect Tesla, CFO VAIBHAV TANEY said to a January earns Call That tariffs will hit the company’s business and profitability. Despite Tesla’s work to localize his supply chains, he still rely on the parts that are all over the world.

In a recent letter In the US Trade Representative (U.S.), Tesla said that even with “aggressive” localization of the supply chain some parts “difficult or impossible” for source domestic. Austin, Texas-Texasaker asked USTRO to consider the effects of the proposed actions.

According to the national highway safety administration, between 60% and 75% of the parts used in Tesla’s electric vehicles were made in the United States, While it varies by model. Like other car manufacturers, Tesla shops parts like body body and headlights from Mexican suppliers. By the end of 2024. Mexico exported More than $ 182 billion Vehicles, Engine and AutoParta for USA

Trump told reporters that tariffs could be “net neutral or may be good” for Tesla. He added that tariffs will be good for “anyone who has plants in the United States.”

Tesla is expected to be among the least affected producers, according to JPMorgan (Jpm-0.82%) Analysts, with colleague EV manufacturers Rivian (Rnvn+ 2.73%).

“We believe that Tesla is the least exposed to tariffs, noting that it was appointed” the strongest car companies “from 2022. to 2024. Years (Cars-4.09%)“He said the ctra analyst Garrett Nelson on Tuesday.

Tesla compiles its cybertruckes and model YU Austin, while the model S, model 3, model X, and some Model Y units are produced in Fremont, California. Rivian currently makes his electric trucks in Normal, Illinois and works on a Plant near Atlanta, Georgia.

JPMorgan Analysts now expect the car industry to take an annual goal of $ 82 billion, which is above the initial estimate of $ 41 billion, assuming car manufacturers absorb tariffs. If they decide to transfer costs to consumers, the light prices of vehicles can rise by up to 11.4%.

Foreign cars, like Volkswagen (Vwagy-1.61%) and Hyundai engine (Hymtf-6,59%)It is expected to be the hardest affected by tariffs. Domestic car manufacturers, including General Motors (Gm-8.69%)also likely to take billions of dollars losses, According to analysts.

Michigan-based in Anderson previously estimated that 25% of the tariffs for Mexican and Canadian imports would add between 4,000 and 10,000 dollars per unit in vehicles in North America. Trump tariffs on the import of aluminum and steel add another $ 250 to $ 800 per gas and up to $ 2,500 on EVS.

“Under a new scheme almost all car manufacturers will face a significant price increase, which will make the prices in better market costs without losing the material content,” said JPMorgan’s Ryan Brinkman on Wednesday.