On Wednesday, Eastern Time, U.S. President Trump announced a shocking move that imposed a 25% tariff on all vehicles manufactured outside the United States, sending ripples through the global automotive industry. While the share prices of American automotive giants like Ford and GM plummeted immediately, Tesla, owned by Trump's close ally Elon Musk, surprisingly saw an uptick in after-hours trading. However, analysts cautioned that despite Tesla assembling all its U.S.-sold vehicles locally, its reliance on imported components could potentially subject it to tariff impacts in the long term.
