While the world automotive world staggered for the possible consequences of the new Donald Trump tariffs, a name stood out as the least affected than others: the manufacturer of Tesla electric vehicles.
Texas -based company’s shares were the rare automotive actions that quoted green on American action, since analysts said that the supply chain and financial performance of Tesla may not be affected by the wide levies that will affect global shipments of cars and auto parts to the United States, mainly due to the largely national production of the company.
Even so, that relief in the United States, where Musk has become one of President Trump’s main advisors, responsible for quickly cutting federal expenditure, may not improve the reputation of the brand worldwide.
Tesla’s actions have collapsed more than 40% since its maximum in mid -December, due to the outbreak of a protest movement against the electric vehicle company in the United States and worldwide, while the Government Efficiency Department, led by Musk, has received strong criticisms for persecuting federal employees. The shares rose around 2% on Thursday.
25% tariffs are expected to disturb the world automotive industry, raise the cost of vehicles in the United States and reduce the profits of car manufacturers. Ford shares, General Motors and Stellantis, Chrysler matrix, fell between 2.1% and 7%.
While Tesla imports some pieces from all over the world, the company mainly produces its vehicles in the United States. Analysts hope that Tesla reports deliveries of approximately 398,000 vehicles when presenting the figures of the first quarter next week, according to 20 analysts surveyed by visible Alpha.
Tesla wins market in the US and loses in Canada and Europe
Trump said the tariffs announced on Wednesday could be neutral or even beneficial for Tesla and added that his close musk ally did not advise him on cars tariffs.
Several administration officials have defended Tesla in public comments in recent days, from urging people to buy their shares until opening vandalism in Tesla dealers.
Even so, Musk said Wednesday night: “To be clear, this will affect the price of the pieces of Tesla cars that come from other countries. The impact on the cost is not trivial.” Tesla imports lithium -ion batteries of the Chinese company Contemporary Amperex Technology LTD and other car pieces from countries such as South Korea, Japan and Mexico, according to data presented until the end of February provided to Reuters by Importyeti.
Automobile prices could increase between $ 5,000 and $ 15,000 if a 25% tariff on cars imports, according to Goldman Sachs.
It is likely that car manufacturers transmit the impact of customer tariffs by increasing prices and that could close the price gap between Tesla electric vehicles and gasoline cars of competition, analysts said.
“Tesla is a relative beneficiary given its presence of 100% American production, a substantial supply in that country and with the model and competing in a medium -sized crossover segment where about 50% of the vehicles could be subject to tariffs,” said TD Cowen analysts in a note.
Although Trump’s tariffs can benefit Tesla in the United States, the car manufacturer faces increasing challenges in Europe and Canada, where political feeling and reduced incentives for electric vehicles are eroding their competitive position.
In the United Kingdom and the European Union, Tesla faces political difficulties and the reduction of subsidies that threaten to stop demand and slow down their growth career. Canada has frozen a refund program for the Tesla.
“Musk’s relationship with Trump could be a factor that influences sales prospects outside the United States,” said Sandeep Rao, a senior researcher at slight Shares.
With Reuters information.
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