As Canada braces for a potential leadership change, one candidate says she will go after Tesla with 100% tariffs if elected.
Trump granted a one month exemption on tariffs on imports from Mexico and Canada for U.S. automakers. But threats to Tesla still loom.
A Canadian candidate for Prime Minister has proposed implementing a 100% tariff on Tesla vehicles in response to US
Tesla gets more than 20% of its parts from Mexico, as well as some from Canada on top of it. So, yes, Tesla will be negatively affected by the tariffs. However, there’s another one-month delay.
2don MSN
Trump tariffs on Mexico, Canada and China will hit automakers to varying degrees, with one of the biggest wildcards being how much it hurts Elon Musk and Tesla.
2don MSN
Elon Musk appears be to turning off potential Tesla buyers with his embrace of far-right politicians around the world.
In CEO Elon Musk's first full month as part of Donald Trump's White House, shares of his electric vehicle company plunged 28%, the steepest drop since December 2022. The stock fell another 3% on Monday, the first trading day in March, pushing the company's market cap to about $915 billion.
America’s auto industry now faces tariffs on both sides of the border, but Elon Musk, Tesla Inc.’s chief executive and the de facto head of the Department of Government Efficiency (DOGE) hasn’t uttered a peep about whether the import duties could affect his multi-billion-dollar car company.
After a glorious 2024, Tesla shares have seen nothing but pain so far this year. What has been contributing to the change?
If left in place, such high import duties would make Detroit's North American-centric business structurally unprofitable, warns Barclays investment bank.
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