Tesla Could Face Tariffs, Musk Warns Amid Auto Industry Concerns

Elon Musk has stated that Tesla is not exempt from potential tariffs, sending ripples through the automotive industry. His warning triggered a sell-off of carmaker stocks across the globe, impacting companies in Japan, Germany, and the United Kingdom. The uncertainty surrounding new trade policies and their potential impact on manufacturing costs and sales is fueling investor anxiety.

While the initial focus has been on European and Asian manufacturers, analysts predict that US-based automakers will also be affected. The potential for increased import and export costs could disrupt supply chains and impact profitability across the sector. The automotive industry is closely monitoring developments in international trade negotiations to assess the full extent of the potential impact on their businesses.