Tesla gets more than 20% of its parts from Mexico, as well as some from Canada on top of it. So, yes, Tesla will be negatively affected by the tariffs. However, there’s another one-month delay.
President Donald Trump imposed a series of tariffs on goods imported from Canada, Mexico, and China. Given how new these policies are -- some of the tariffs were put on hold before they went into effect -- it's difficult to predict how businesses will respond.
Civic hybrids will be built in Indiana instead of Mexico to avoid new tariffs, and Tesla's planning to put its latest battery factory in Katy, Texas.
The sale comes as Tesla’s stock has lost a third of its value since Donald Trump took office amid a backlash against CEO Elon Musk and a broadening trade war.
Tesla shares fell Tuesday, extending recent losses amid concerns about tariffs, weak Chinese sales, and souring sentiment, with analysts at Bank of America lowering their price target for the stock.