"Tesla would be less exposed to tariffs as their production and assembly is all in the US."

Although Tesla produces 100% of its vehicles in the United States at its Texas and California factories, there is truly no 100% “American-made” car — as Musk himself contended Wednesday after the tariffs announcement. “Important to note that Tesla is NOT unscathed here,” Musk posted on X. “The tariff impact on Tesla is still significant.”

President Trump’s 25% levy on automobiles and key car parts is expected to impact not just foreign-made vehicles but also American ones. Shares in foreign and domestic car companies are down since yesterday’s market close after President Donald Trump announced his latest round of tariffs on Wednesday.