Musk's Tesla One of the Only Winners From Trump Car Tariffs [View all]

[Nevilledog]

https://www.bloomberg.com/news/articles/2025-03-27/most-carmakers-stand-to-lose-as-trump-s-tariffs-spread-the-pain

No paywall link
https://archive.li/9uucn

As the fallout from President Donald Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: There are lots of losers and not many winners.

From South Korea’s Hyundai Motor Co. to Germany’s Volkswagen AG and America’s own General Motors Co., many of the world’s most prominent carmakers will soon face sharply higher costs from Trump’s new levies on auto imports and key components.

“There are very few winners,” Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions, said in a phone interview. “Consumers will be losers because they will have reduced choice and higher prices.”

One notable winner in the tariff chaos: Elon Musk. His Tesla Inc. has large factories in California and Texas that churn out all the electric vehicles it sells in the US. Ford Motor Co., too, could face a less-severe impact than some rivals, with about 80% of the cars it sells in the US being built domestically.

*snip*