Elon Musk Warns Of 'Significant' Impact On Tesla Due To Trump's Auto Tariffs: 'The Cost Impact Is Not Trivial'

Elon Musk on Wednesday said that Tesla Inc. (NASDAQ: TSLA) will face a significant impact due to President Donald Trump‘s 25% tariffs on foreign-made automobiles.

Musk highlighted on X that while Tesla manufactures all its U.S.-sold vehicles domestically, it still imports parts from other countries, particularly from China.