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Tesla Stock Is Plunging. Both Trump Tariffs and Canada's Response Will Hurt.

Tesla Stock Is Plunging. Both Trump Tariffs and Canada's Response Will Hurt.


Published on 2025-02-03 12:20:46 - MSN
  Print publication without navigation

  • Car stocks, including Tesla shares, were volatile on Monday
  • and in the red. Tariffs are the reason. Over the weekend, President Donald Trump went ahead with his plan to put 25% tariffs on goods from Mexico and Canada.

The article from MSN discusses the impact of potential tariffs on Tesla's stock price. Tesla, an American electric vehicle manufacturer, is facing challenges due to proposed tariffs by former President Donald Trump on Chinese imports, which could increase the cost of production for Tesla, given its reliance on components from China. Additionally, Canada's response to these tariffs could further complicate matters for Tesla, as it has a significant manufacturing presence in Canada. The article highlights that these trade tensions are causing Tesla's stock to plunge, as investors worry about the increased costs and potential delays in production. The situation is exacerbated by the broader trade war dynamics between the U.S., China, and now Canada, affecting global supply chains and potentially leading to higher prices for consumers or reduced profit margins for Tesla.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/tesla-stock-is-plunging-both-trump-tariffs-and-canada-s-response-will-hurt/ar-AA1yhsYK ]
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