Tesla share price: How would Donald Trump's tariff affect Elon Musk's car head? | Einsmark news

Tesla’s share price rose by more than 5% on Wednesday, with a $ 282.76 per share, before an expected announcement from US President Donald Trump. However, Tesla share price dropped more than 3%during prolonged trading hours, reflecting a broader decline in the US equity futures. Trump tariffs on Auto & Its Impact Trump’s newly imposed 25% tariff on US car imports, which came into effect shortly after midnight in Washington, are expected to disrupt worldwide motor vehicles supply chains and increase vehicle prices. Additional duties on certain auto parts will follow by May 3, which may add thousands of dollars to the motor costs and affect sales. While Tesla mainly produces vehicles domestically, the business depends on imported components and raw materials, making it vulnerable to higher costs due to these rates. The new policy is part of a broader trading strategy that includes a reciprocal rate of 10% on all imports to the US, along with specific duties targeting about 60 countries. Tesla’s strategy to counteract experts of the tariff pressure indicates that Tesla can reduce some of these challenges by raising domestic production. Elon Musk promised to double Tesla’s production to reduce the dependence on imported parts. However, scale manufacturing has challenges, such as securing supply chains, expanding facilities and maintaining quality standards. “Tesla could hope that negotiated trade agreements would reduce barriers to access and give access to other markets, such as India, in the first quarter and the sharpened competition from abroad, Tesla’s prospects will be strongly influenced by the new rates and any escalation of the trade war. Ross Maxwell, Global Strategy Operations Lead, VT Markets, said. Recent volatility, Tesla share price remains strong on technical charts. Thus, Tesla shareholders are advised to hold a stop loss at $ 250, for the short-term target of $ 297 and $ 320, “said Ganesh Dongre, senior manager technical research on a technical research. However, to date (YTD). However, the share price of Tesla has risen by 17.5% over the past six months. Analysts or brokerage businesses, and not coin. Download the Mint News app to get daily market updates. Business NewsMarketsstock MarketSla -Share Price: How would Donald Trump’s tariff affect Elon Musk’s car chief? More less