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Tesla is soaring after Trump's new tariffs while traditional auto stocks sink

  • Tesla stock rose 7% following President Trump's newly announced auto tariffs.
  • Tesla is seen as less exposed to industry tariffs as their production and assembly is primarily in the US.
  • General Motors, Ford, and Volkswagen experienced significant declines as they are more reliant on vehicle and part imports.
  • According to CFRA Research, Tesla is the least exposed to these new tariffs among auto manufacturers and suppliers.

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