What Elon Musk said about the definitions and its potential impact on Tesla

Elon Musk He said on Tuesday that he does not like high or unexpected definitions, but any decision on what is happening with them is “completely left to the President of the United States.”

He talks about his company The first quarter profit callWith the uncertainty related to the tariff that revolves around the economy, Musk said that Tesla is in a relatively good position, compared to other American auto companies, because it contains “local supply chains” in North America, Europe and China.

Musk said Tesla is “the less affected car company in terms of definitions at least in most aspects.”

Tesla mentioned the disturbing Quarterly profits And sales on Tuesday, including 20 % decrease on an annual basis in auto revenue and 71 % diving in net income. The company also said that it had not provided any instructions for at least 2025 until its update in the second quarter.

While Musk is one of the closest advisers of President Donald Trump, the customs tariff is the only issue that he partially breaks with the administration. He is recently The name Peter Navarro, the best trade consultant in Trump, “Mu’tam” and “Approx than a Brick”.

However, in a call on Tuesday, Musk said: “If some towns do something predatory with tariff definitions,” or “If the government provides severe financial support for a specific industry, then you should do something to counter this.”

The price of Tesla has been thrown since the president was defeated for his plan to obtain a wide -ranging tariff earlier this month, and that was after the shares 36 % decreased In the first quarter, their worst performance for any period since 2022.

Since Tesla manufactures the cars it sells in the United States locally, the company is not subject to a 25 % Trump tariff for imported cars. But Tesla is the materials and supplies from China, Mexico, Canada and other places of manufacturing equipment, Car glass, printed circuit paint, battery cells and other products.

Musk said that he advised the president on the definitions.

“He will listen to my advice. But then it is up to him, of course, to make his decision,” Musk said. “I was in the record several times, saying I think the low definitions are a general good idea.”

He added that he is a defender of the “tariff structures that can be predicted”, as well as “free trade and low definitions.”

Musk said that Tesla Energy has a “significant” effect of customs tariffs because it is the sources of the meat of lithium iron phosphate, used in its company’s cars, from China.

“We are running the equipment for local manufacturing for LFP battery cells in the United States,” he said. But he said that the company can only provide a small part of our total installed energy “with its local equipment.

“We have also worked to secure the additional supply chain of unconnected suppliers, but it will take some time,” he said.

Musk Tesla described it as a “vertical integrated auto company”, but he said that there are still many parts and materials that come from other countries. Although it was built for a Li -Tieum refinery in Texas, “We are not growing rubber trees and mining.”

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