Trump's tariffs may hurt Tesla's production costs

President Donald Trump recently expressed support for Tesla and Elon Musk, promising to buy a new Tesla. However, he also announced a 25 percent global tariff on steel and aluminum imports, which could raise costs for electric vehicles. Tesla warned that these tariffs would negatively impact its business, as its vehicles rely heavily on steel and aluminum. The tariffs are expected to increase production costs for Tesla and other automakers, affecting prices for consumers. The tariffs, set to resume on April 2, will also impact the broader automotive industry, which relies on parts from Canada and Mexico. Analysts predict potential disruptions in production, with estimates of a decline of up to 20,000 vehicles per day.