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Tesla Chief Financial Officer said that tariffs will affect profitability | Real Time Headlines

The United States was elected President Donald Trump and Elon Musk on November 19, 2024 in Brownsville, Texas, Bronosville, Texas (Brownsville) SpaceX Star Shocks Rockets for the sixth test flight.

Brandon Bell | Through Reuters

President Donald Trump The campaign commitment to tax on the goods of many top trading partners. Elon Musk’s Electric vehicle companies may feel some pain.

During Tesla’s income conference on Wednesday, Chief Financial Officer Vaibhav Taneja said that if the new government increases tariffs, the company’s profitability may be hit.

Taineja said: “Over the years, we have tried to locate our supply chain in every market, but we still rely on all businesses around the world.” He said that “tariffs” will be “for our business and profitability Ability has an impact. “

President Trump returned to the White House last week. He was weighing tariffs on China, Mexico and Canada to protect the commercial interests of the United States.

Tariffs are the first popular tools in the Trump administration and are used for solar panels, steel and aluminum products. This is still the main topic of campaign activities. President’s tariffs on China have reached 60 %, threatening Colombia on weekends, and tariffs on products entering the United States 25 %

Musk is the biggest supporter of Trump and invested $ 277 million for his campaign and supports other Republican candidates. Musk is now managing the government efficiency department, and many analysts speculate that his close relationship with the president can benefit his company.

Tesla’s stock price has soared 55 % since the victory of Trump in early November. Although Tesla reports Weak income And income this quarter.

watch: It is difficult to understand why Tesla’s stock is up after the “turbulent” income

Deepwater's Gene Munster said it is difficult to understand why Tesla's stock was up after the
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