The newly-announced 25% tariff on foreign-made cars imported into the United States will have implications for the cost of parts for Tesla vehicles.
Tesla CEO Elon Musk confirmed that the tariffs will affect the price of Tesla car parts from other countries, resulting in a non-trivial cost impact.
The import taxes on car parts are set to take effect no later than May 3, 2025, and will impact the cost of Tesla vehicles.
The import tax on vehicles will be applied to imported passenger vehicles and various parts, with potential expansion of tariffs based on additional parts if necessary.