Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’

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Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’

Fortune01-31 13:02

Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. Just because Elon Musk is Donald Trump’...

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breAkdaWn
·02-01 12:39
This is start of throwing EM under the bus. Just like Rudi juliani.
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Krispnz
·02-01 02:23
Interesting comments but isn't this where business and politics collide, won't take much for a behind the scenes deal with parties to correct this issue ... I can't see this having much impact for long
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Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.\nTesla did not immediately respond to Fortune's request for comment. \nTaneja’s comments come as Tesla’s stock has skyrocketed nearly 60% since the election that returned Musk ally Trump to the White House. Musk put $100 million toward getting Trump elected and is now the head of the advisory Department of Government Efficiency (DOGE) looking to cut trillions from the federal budget.\nSome analysts like Wedbush Securities’ Dan Ives have claimed that Musk’s influence in Trump’s administration will be a boon for Tesla and could skyrocket the company’s valuation to $2 trillion, from its current $1.29 trillion market cap. \nIt’s unclear how Tesla will be affected by any tariffs imposed by Trump. Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y. \nYet, all cars, even those assembled in the U.S. use parts and other components from abroad. According to the Cars.com index, only two vehicles among the 400 it analyzed sourced 75% or more of their parts from the U.S. and Canada.\nAs for Tesla, the company relies on overseas companies for its batteries. Among its suppliers are Chinese companies BYD and CATL, the largest EV battery cell manufacturer in the world. Earlier this month CATL was added to a Pentagon blacklist because the Department of Defense believes it is helping modernize China’s military. CATL previously denied the accusation in a statement. \nBoth companies could be affected by Trump’s pledge to impose tariffs on China, the first of which could come by Feb.1. On the campaign trail, Trump promised tariffs as high as 60% on the world’s second-largest economy. \nThe President has already shown a willingness to impose tariffs on non-conforming countries, as evidenced by the 25% tariffs nearly imposed on Colombia when its president didn’t military planes transporting undocumented immigrants to land in the country. \nStill, CEO Musk is far from deterred by any impending tariffs.\n“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call. \nThis story was originally featured on Fortune.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":398784423784520,"gmtCreate":1738384772701,"gmtModify":1738384776749,"author":{"id":"3569809505691000","authorId":"3569809505691000","name":"breAkdaWn","avatar":"https://community-static.tradeup.com/news/4c3676c14de9bfcd6f45bcf7ba4ddb6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569809505691000","authorIdStr":"3569809505691000"},"htmlText":"This is start of throwing EM under the bus. Just like Rudi juliani.&nbsp;","listText":"This is start of throwing EM under the bus. Just like Rudi juliani.&nbsp;","text":"This is start of throwing EM under the bus. Just like Rudi juliani.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398784423784520","repostId":2507593927,"repostType":2,"repost":{"id":"2507593927","kind":"highlight","pubTimestamp":1738299720,"share":"https://ttm.financial/m/news/2507593927?lang=&edition=fundamental","pubTime":"2025-01-31 13:02","market":"us","language":"en","title":"Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’","url":"https://stock-news.laohu8.com/highlight/detail?id=2507593927","media":"Fortune","summary":"Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump.Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.Chief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call.","content":"<html><body><ul>\n<li><strong>Even though CEO Elon Musk</strong> is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. </li>\n</ul>\n<p>Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.</p>\n<p>Chief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.</p>\n<p>“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.</p>\n<p>Tesla did not immediately respond to <em>Fortune</em>'s request for comment. </p>\n<p>Taneja’s comments come as Tesla’s stock has skyrocketed nearly 60% since the election that returned Musk ally Trump to the White House. Musk put $100 million toward getting Trump elected and is now the head of the advisory Department of Government Efficiency (DOGE) looking to cut trillions from the federal budget.</p>\n<p>Some analysts like Wedbush Securities’ Dan Ives have claimed that Musk’s influence in Trump’s administration will be a boon for Tesla and could skyrocket the company’s valuation to $2 trillion, from its current $1.29 trillion market cap. </p>\n<p>It’s unclear how Tesla will be affected by any tariffs imposed by Trump. Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y. </p>\n<p>Yet, all cars, even those assembled in the U.S. use parts and other components from abroad. According to the Cars.com index, only two vehicles among the 400 it analyzed sourced 75% or more of their parts from the U.S. and Canada.</p>\n<p>As for Tesla, the company relies on overseas companies for its batteries. Among its suppliers are Chinese companies BYD and CATL, the largest EV battery cell manufacturer in the world. Earlier this month CATL was added to a Pentagon blacklist because the Department of Defense believes it is helping modernize China’s military. CATL previously denied the accusation in a statement. </p>\n<p>Both companies could be affected by Trump’s pledge to impose tariffs on China, the first of which could come by Feb.1. On the campaign trail, Trump promised tariffs as high as 60% on the world’s second-largest economy. </p>\n<p>The President has already shown a willingness to impose tariffs on non-conforming countries, as evidenced by the 25% tariffs nearly imposed on Colombia when its president didn’t military planes transporting undocumented immigrants to land in the country. </p>\n<p>Still, CEO Musk is far from deterred by any impending tariffs.</p>\n<p>“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call. </p>\n<p>This story was originally featured on Fortune.com</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDespite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-31 13:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. \n\nJust because Elon Musk is Donald Trump’...</p>\n\n<a href=\"https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4585":"ETF&股票定投概念","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4543":"AI","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","BK4527":"明星科技股","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4550":"红杉资本持仓","BK4588":"碎股","TSLL":"Direxion Daily TSLA Bull 2X Shares","TSLA":"特斯拉","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2063271972.USD":"富兰克林创新领域基金","TSYW.SI":"TESLA 3xLongSG261006","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4516":"特朗普概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC"},"source_url":"https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2507593927","content_text":"Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. \n\nJust because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.\nChief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.\n“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.\nTesla did not immediately respond to Fortune's request for comment. \nTaneja’s comments come as Tesla’s stock has skyrocketed nearly 60% since the election that returned Musk ally Trump to the White House. Musk put $100 million toward getting Trump elected and is now the head of the advisory Department of Government Efficiency (DOGE) looking to cut trillions from the federal budget.\nSome analysts like Wedbush Securities’ Dan Ives have claimed that Musk’s influence in Trump’s administration will be a boon for Tesla and could skyrocket the company’s valuation to $2 trillion, from its current $1.29 trillion market cap. \nIt’s unclear how Tesla will be affected by any tariffs imposed by Trump. Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y. \nYet, all cars, even those assembled in the U.S. use parts and other components from abroad. According to the Cars.com index, only two vehicles among the 400 it analyzed sourced 75% or more of their parts from the U.S. and Canada.\nAs for Tesla, the company relies on overseas companies for its batteries. Among its suppliers are Chinese companies BYD and CATL, the largest EV battery cell manufacturer in the world. Earlier this month CATL was added to a Pentagon blacklist because the Department of Defense believes it is helping modernize China’s military. CATL previously denied the accusation in a statement. \nBoth companies could be affected by Trump’s pledge to impose tariffs on China, the first of which could come by Feb.1. On the campaign trail, Trump promised tariffs as high as 60% on the world’s second-largest economy. \nThe President has already shown a willingness to impose tariffs on non-conforming countries, as evidenced by the 25% tariffs nearly imposed on Colombia when its president didn’t military planes transporting undocumented immigrants to land in the country. \nStill, CEO Musk is far from deterred by any impending tariffs.\n“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call. \nThis story was originally featured on Fortune.com","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":398634375275144,"gmtCreate":1738347781205,"gmtModify":1738347785066,"author":{"id":"4198989211980502","authorId":"4198989211980502","name":"Krispnz","avatar":"https://community-static.tradeup.com/news/e4e6fc4af1e7d3b71ac1e93020656000","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4198989211980502","authorIdStr":"4198989211980502"},"htmlText":"&nbsp;Interesting comments but isn't this where business and politics collide, won't take much for a behind the scenes deal with parties to correct this issue ... I can't see this having much impact for long&nbsp;","listText":"&nbsp;Interesting comments but isn't this where business and politics collide, won't take much for a behind the scenes deal with parties to correct this issue ... I can't see this having much impact for long&nbsp;","text":"Interesting comments but isn't this where business and politics collide, won't take much for a behind the scenes deal with parties to correct this issue ... I can't see this having much impact for long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398634375275144","repostId":2507593927,"repostType":2,"repost":{"id":"2507593927","kind":"highlight","pubTimestamp":1738299720,"share":"https://ttm.financial/m/news/2507593927?lang=&edition=fundamental","pubTime":"2025-01-31 13:02","market":"us","language":"en","title":"Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’","url":"https://stock-news.laohu8.com/highlight/detail?id=2507593927","media":"Fortune","summary":"Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump.Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.Chief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call.","content":"<html><body><ul>\n<li><strong>Even though CEO Elon Musk</strong> is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. </li>\n</ul>\n<p>Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.</p>\n<p>Chief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.</p>\n<p>“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.</p>\n<p>Tesla did not immediately respond to <em>Fortune</em>'s request for comment. </p>\n<p>Taneja’s comments come as Tesla’s stock has skyrocketed nearly 60% since the election that returned Musk ally Trump to the White House. Musk put $100 million toward getting Trump elected and is now the head of the advisory Department of Government Efficiency (DOGE) looking to cut trillions from the federal budget.</p>\n<p>Some analysts like Wedbush Securities’ Dan Ives have claimed that Musk’s influence in Trump’s administration will be a boon for Tesla and could skyrocket the company’s valuation to $2 trillion, from its current $1.29 trillion market cap. </p>\n<p>It’s unclear how Tesla will be affected by any tariffs imposed by Trump. Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y. </p>\n<p>Yet, all cars, even those assembled in the U.S. use parts and other components from abroad. According to the Cars.com index, only two vehicles among the 400 it analyzed sourced 75% or more of their parts from the U.S. and Canada.</p>\n<p>As for Tesla, the company relies on overseas companies for its batteries. Among its suppliers are Chinese companies BYD and CATL, the largest EV battery cell manufacturer in the world. Earlier this month CATL was added to a Pentagon blacklist because the Department of Defense believes it is helping modernize China’s military. CATL previously denied the accusation in a statement. </p>\n<p>Both companies could be affected by Trump’s pledge to impose tariffs on China, the first of which could come by Feb.1. On the campaign trail, Trump promised tariffs as high as 60% on the world’s second-largest economy. </p>\n<p>The President has already shown a willingness to impose tariffs on non-conforming countries, as evidenced by the 25% tariffs nearly imposed on Colombia when its president didn’t military planes transporting undocumented immigrants to land in the country. </p>\n<p>Still, CEO Musk is far from deterred by any impending tariffs.</p>\n<p>“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call. </p>\n<p>This story was originally featured on Fortune.com</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Despite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDespite Elon Musk’s close ties to Trump, Tesla’s CFO admits the president’s tariffs plan would impact ‘business and profitability’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-31 13:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. \n\nJust because Elon Musk is Donald Trump’...</p>\n\n<a href=\"https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4585":"ETF&股票定投概念","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4543":"AI","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","BK4527":"明星科技股","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4550":"红杉资本持仓","BK4588":"碎股","TSLL":"Direxion Daily TSLA Bull 2X Shares","TSLA":"特斯拉","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2063271972.USD":"富兰克林创新领域基金","TSYW.SI":"TESLA 3xLongSG261006","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4516":"特朗普概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC"},"source_url":"https://finance.yahoo.com/news/despite-elon-musk-close-ties-050200091.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2507593927","content_text":"Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. \n\nJust because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies, according to Tesla’s CFO.\nChief financial officer Vaibhav Taneja said on the company’s fourth quarter earnings call Wednesday that Trump’s tariff policies could be especially damaging.\n“Over the years, we've tried to localize our supply chain in every market, but we are still very reliant on parts from across the world for all our businesses. Therefore, the imposition of tariffs, which is very likely, will have an impact on our business and profitability,” he said.\nTesla did not immediately respond to Fortune's request for comment. \nTaneja’s comments come as Tesla’s stock has skyrocketed nearly 60% since the election that returned Musk ally Trump to the White House. Musk put $100 million toward getting Trump elected and is now the head of the advisory Department of Government Efficiency (DOGE) looking to cut trillions from the federal budget.\nSome analysts like Wedbush Securities’ Dan Ives have claimed that Musk’s influence in Trump’s administration will be a boon for Tesla and could skyrocket the company’s valuation to $2 trillion, from its current $1.29 trillion market cap. \nIt’s unclear how Tesla will be affected by any tariffs imposed by Trump. Tesla is well known for making its vehicles in the U.S. In 2024, Tesla took the top spot on Cars.com’s American-Made Index for the third consecutive year with the Model Y. \nYet, all cars, even those assembled in the U.S. use parts and other components from abroad. According to the Cars.com index, only two vehicles among the 400 it analyzed sourced 75% or more of their parts from the U.S. and Canada.\nAs for Tesla, the company relies on overseas companies for its batteries. Among its suppliers are Chinese companies BYD and CATL, the largest EV battery cell manufacturer in the world. Earlier this month CATL was added to a Pentagon blacklist because the Department of Defense believes it is helping modernize China’s military. CATL previously denied the accusation in a statement. \nBoth companies could be affected by Trump’s pledge to impose tariffs on China, the first of which could come by Feb.1. On the campaign trail, Trump promised tariffs as high as 60% on the world’s second-largest economy. \nThe President has already shown a willingness to impose tariffs on non-conforming countries, as evidenced by the 25% tariffs nearly imposed on Colombia when its president didn’t military planes transporting undocumented immigrants to land in the country. \nStill, CEO Musk is far from deterred by any impending tariffs.\n“I see a path. I'm not saying it's an easy path but I see a path of Tesla being the most valuable company in the world by far,” he said on Wednesday’s earnings call. \nThis story was originally featured on Fortune.com","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}