menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Bitcoin News

>

Why Tesla’...
source image

Bitcoinsensus

6d

read

8

img
dot

Image Credit: Bitcoinsensus

Why Tesla’s Stock Rose After U.S. Announced New Tariffs on Vehicles

  • Tesla's stock surged 16.31% in 5 days amidst tariffs targeting vehicle imports, benefiting from its domestic production in California and Texas.
  • Protests against Tesla intensified after controversial decisions by the Department of Government Efficiency, including budget cuts and federal worker layoffs.
  • A global boycott and an arson incident in Las Vegas further compounded challenges for Tesla, despite its domestic production advantage providing temporary market relief.
  • While other car manufacturers saw their stocks decline due to new tariffs, Tesla's stock rose as it has domestic production facilities which allow them to build and sell vehicles within the United States.

Read Full Article

like

Like

For uninterrupted reading, download the app