The newly imposed 25% tariff will kick in on April 3. In his announcement of the new regulations, the President said, "This will continue to spur growth like you haven't seen before. We'll effectively be charging a 25% tariff.

Elon Musk’s focus on American-made products at Tesla could shield his company from the brunt of President Trump’s new tariffs on foreign vehicles and automobile parts. While foreign

The company led by President Trump’s confidant Elon Musk builds all the cars it sells in the United States domestically and will be exempt from tariffs on finished vehicles.

Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump's auto tariffs on Tesla is "significant."

The billionaire said the president's new car tariffs will impact the cost of parts that are vital to the construction of Tesla vehicles.

However, over the past six months, Tesla stock price has gained 17.5%. On a one-year basis, Tesla shares have surged 68%.

President Donald Trump’s new auto tariffs will have a “significant” effect on Tesla (TSLA), CEO Elon Musk says.

According to Ivan Drury, director of insights at automotive research site Edmunds, cars assembled in the U.S. won't necessarily be safe from tariffs, due to manufacturers relying on foreign imports. Nissan, for example, has suppliers from all over the world, with many of them providing up to 70% or 80% of parts.