Trump's Auto Tariffs Will Hit Many Companies, but Elon Musk's Tesla Less So
Trump's Auto Tariffs Will Hit Many Companies, but Elon Musk's Tesla Less So
cross-posted from: https://lemmy.ca/post/41346282
Car prices could rise by $5,000 to $15,000 if a 25% tariff on imported cars is maintained, according to Goldman Sachs.
Automakers are likely to pass on the impact of tariffs to customers by raising prices, and that could close the price gap between Tesla's electric vehicle and competing gas-powered cars, analysts said.
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This is why Trump is targeting auto sector. He and Elon are trying to destroy Tesla's competitors. It isn't for the American people. It is for Elon. Just look at the markets this morning. While all the other auto makers are down, Tesla is up. You know what to do Canada!
And you too, Europe!