Elon Musk warns effect from Trump tariffs is ‘not trivial’ for Tesla

Quick Summary:

Anywhere from 20% to 25% of a Tesla's value in dollar terms originates from components sourced in Mexico, according to official U.S.data.

Few, for example, know the biggest positive contributor to the U.S.automotive trade balance actually comes from BMW, whose largest plant worldwide is not in Germany, but in South Carolina.

For example, the Ford Mustang Mach-E derives only a combined 13% of its value from the U.S.and Canada, while 78% is considered to have come from Mexico, where the electric crossover is also manufactured.

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Article Details

Author / Journalist: Christiaan Hetzner

Category: EconomyBusiness

Markets: United StatesCanadaGermanyMexico

Topics: Fortune 500 Companies Commerce Department Fortune 500 Tariffs and trade Donald Trump Electric vehicles Tesla Elon Musk Autos

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 17:54:27 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 124 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 27372948

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