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Tesla’s Cfo Says Tariffs would ‘have an impact’ on company’s profitability

Us President-Elect Donald Trump and Elon Musk Watch The Launch of the Sixth Test Flight of the spacex starship rocket in brownsville, texas, on nov. 19, 2024.

Brandon Bell | Via reates

President Donald Trump Campaigned on a promise to slap tarifs on goods from many top trading partners. Elon musk’s Electric Vehicle Company May Feel Some of the Pain.

DURING Tesla’s Earnings Call on Wednsday, Chief Financial Officer Vaibhav Taneja Said the company’s Profitability could take a hit if the new administerments implements.

“Over the Years We’ve Tried to Localize He said the “imposition of tariffs” would “have an impact on our business and profitability.”

President Trump, Who Returned to the White House Last Week, Is Weighing Tariffs on China, Mexico and Canada in an effort to protect us business interesting.

Tariffs were a popular tool in the first trump administration, and we used on Goods Including Solar Panels, Steel and Aluminum. It remained a Major Talking Point on the Campaign Trail. The President has touted a 60% tariff on China, and over the weekend threatened colombia with a 25% tariff on goods coming into the us

Musk was Trump’s Biggest Backer, Pouring $ 277 Million INTO His Campaign and in Support of Other Republican Candidates. Musk is now running the department of government efficiency (DOGE), and many analysts has specialized

Tesla Shares Have Sorad 55% Since Trump’s Election Victory in Early November. The stock rose another 4% in extended trading on Wednsday even thought Tesla Reported Weaker-Tha-Expected Earnings And Revenue for the Quarter.

Watch: Hard to Undrstand Why Tesla Stock is up after ‘Choppy’ Earnings

Hard to undersrstand why Tesla Stock is up after'Choppy' Earnings, Says DeepWater's Gene Munster

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Hi, I am Tahir, a young entrepreneur working in the finance sector for more than 5 years. I am ambitious to add remarkable value to my country's economy.

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