Trump calls auto tariffs 'maybe good for Tesla,' Musk says 'not unscathed'

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Trump calls auto tariffs 'maybe good for Tesla,' Musk says 'not unscathed' - Business Standard

Quick Summary:

However, major competitors such as South Korea’s Hyundai Motor Co., Germany’s Volkswagen AG, and even America’s General Motors Co.will soon face significantly higher costs.Ford Motor Co.may fare better than some rivals, as approximately 80 per cent of its US sales come from domestically produced vehicles, mitigating some of the financial strain.

Following Trump’s announcement, Musk acknowledged the significant impact the tariffs would have on Tesla.

Then, on Monday, he hinted that the new levies on the auto industry would be introduced “in the very near future." Will Tesla emerge as the biggest winner amid Trump’s tariffs?