Musk Says Impact of Auto Tariffs on Tesla Is "Significant"

Reuters

03-27

March 26 (Reuters) - Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump's auto tariffs on Tesla is "significant."

"Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant," Musk said in a post on X.

Musk further stated, "To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial."

Tesla shares sank 5.6% on Wednesday.

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