Tesla wins, Detroit bleeds
“Tesla wins, Detroit bleeds,” Bernstein analysts led by Daniel Roeska declared Thursday. “Tesla is the clear structural winner…. For everyone else, this is a margin reset and real drag on near-term earnings power,” Roeska continued.”
The only imported part for Teslas appears to be a wire harness made in Mexico. That’s expected to add less than 2% to the price of the car.
“The comparatively small impact was evident in New York trading Thursday, as shares of Tesla gained 4% as Ford (down 4%), General Motors (down 9%) and Stellantis (down 2%) stocks struggled. Also sinking Thursday were Europe-listed automakers with significant U.S. dealings as shares of Ferrari and Mercedes each fell at least 2%.”
While Tesla’s stock price has fallen considerably from its recent peak, it is currently trading at or above its five-year average. Was the recent drop merely a correction of previous irrational exuberance, or will it continue to fall? I leave the prophecies to others.
Tesla relatively unscathed by Trump tariffs
The only imported part for Teslas appears to be a wire harness made in Mexico. That’s expected to add less than 2% to the price of the car.
“The comparatively small impact was evident in New York trading Thursday, as shares of Tesla gained 4% as Ford (down 4%), General Motors (down 9%) and Stellantis (down 2%) stocks struggled. Also sinking Thursday were Europe-listed automakers with significant U.S. dealings as shares of Ferrari and Mercedes each fell at least 2%.”
While Tesla’s stock price has fallen considerably from its recent peak, it is currently trading at or above its five-year average. Was the recent drop merely a correction of previous irrational exuberance, or will it continue to fall? I leave the prophecies to others.
Tesla relatively unscathed by Trump tariffs