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Musk says impact of auto tariffs on Tesla is 'significant'


Published on 2025-03-26 23:01:32 - Reuters
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  • Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump's auto tariffs on Tesla is "significant."

Elon Musk, CEO of Tesla, expressed concerns about the potential impact of new U.S. tariffs on Chinese electric vehicles (EVs) during a company event in Paris. Musk highlighted that while Tesla's operations in China are significant, the imposition of tariffs could affect the company's pricing strategy and market dynamics. He noted that Tesla's Shanghai factory, which is crucial for both the Chinese market and exports, could face challenges if tariffs are applied. Musk also mentioned that Tesla would need to adapt its business model to navigate these potential trade barriers, emphasizing the importance of free trade for the global EV market. This comes at a time when the U.S. is considering increasing tariffs on Chinese EVs to protect domestic manufacturers.

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[ https://www.reuters.com/business/autos-transportation/musk-says-impact-auto-tariffs-tesla-is-significant-2025-03-27/ ]