Elon Musk stated that 'The Chinese car companies are the most competitive car companies in the world,' highlighting their potential global success despite anticipated tariffs.
With Trump's proposed 60% tariffs on Chinese imports, including automobiles, there is a possibility that the aggressive Chinese auto imports could be curtailed, benefitting Tesla.
Tesla's CFO noted that varying tariffs on raw materials and finished goods significantly affect the profit margin for models like the 'Cybertruck' and Model 3.
Musk paused investments in Tesla's Mexico facilities due to Trump's heavy tariff threats on vehicles produced there, indicating the dual impact tariffs can have.
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