Tesla CFO says that tariffs ‘would have an impact’ on profitability

President Donald Trump He made a promise to slapped tariffs on the assets of many main commercial partners. Elon Musk’s The electric vehicle company may feel some of the pain.

During Tesla’s profit call on Wednesday, financial director Vaibhav Taneja said that the company’s profitability could receive a blow if the new administration implements tariffs.

“Over the years, we have tried to locate our supply chain in all markets, but we still depend on parts around the world for all our businesses,” Taneja said. He said that the “imposition of tariffs” would have an impact on our business and profitability. “

President Trump, who returned to the White House last week, is weighing tariffs about China, Mexico and Canada in an effort to protect the commercial interests of the United States.

Tariffs were a popular tool in the first Trump administration, and were used in products that include solar panels, steel and aluminum. It remained an important point of conversation in the campaign. The president has promoted a 60% tariff on China, and during the weekend he threatened Colombia with a 25% tariff on goods in the United States.

Musk was Trump’s largest sponsor, investing $ 277 million in his campaign and in support of other Republican candidates. Musk now directs the government efficiency department (Doge), and many analysts have speculated that his close relationship with the president could benefit his companies.

Tesla’s shares have shot 55% since Trump’s electoral victory in early November. The action increased another 4% in extended operations on Wednesday even though Tesla reported Weakest earnings of the expected and income for the quarter.

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