After reporting about earnings in the fourth quarter on Wednesday night, Tesla (Nasdaq: Tsla) Investors were not sure how to react. The shares bounced yesterday before they eventually closed about 3% more. This positive momentum continued today, and it was not just from investors who digest these results.
The shares today jumped another 5% and still traded 2.6% more at 14:35 et.
The reactions to Tesla’s financial results in the fourth quarter were mixed. Competition and slowdown in demand growth led to lower vehicles, resulting in sale and earning expectations.
But the stock rose anyway as the eyes turned more to the progress with Tesla Software for Samovoz And new products that could follow this year. IN An investor conferenceExecutive Director Elon Musk said the company will launch an unspecified electric vehicle for independent driving (EVS) as a paid service for the first time this June. Initially, it will be limited to Austin in Texas, but it is a big news for shareholders. The company announced that it could quickly start a service at many other locations if everything goes well.
But today’s stock jump also comes for another reason. Reports that Trump’s administration administration will impose 25% of tariffs on imports from Canada and Mexico starting tomorrow, exclaims many North American car manufacturers. Car giants like General Motors and Ford Let the production plants in both countries outside the US Auto parts also flow forward and back because the supply chain supports the production of vehicles.
But Tesla supplies its customers from US products from production facilities in California and Texas. This might mean that some market share that has ceded with other yields of car manufacturers. Or at least his vehicles could become more competitive in the price because the tariff costs are transferred to consumers.
CNBC reports that the factories in Canada and Mexico produce about 4 million vehicles a year intended for the US, but none from Tesla. Now, Tesla’s local competitors can see tariffs imposed by imported parts for EV from these countries. These car manufacturers will have to decide whether to accept greater losses on EVS or increase the price of vehicles. Either way, it would be of use Tesla.
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