BobbyD wrote:odysseus2000 wrote:Trump's tariffs will imho likely lead to more US manufacturing which with automation is likely as low cost as China cost + tariff.
Although many are saying that next president, if not Trump, will reverse these tariffs I doubt it & so I expect more US manufacturing & a reversal of the movement of US jobs to China & elsewhere.
All of this will raise US consumer prices & may set off some product inflation.
Regards,
Even if you are right, and it will no doubt shock you to find out I don't think you are, that doesn't really help Tesla does it?
Short on cash, being increasingly undercut, and seeing their components getting more expensive for the short/medium term...
Tesla have their own, or essentially their own depending on Panasonic/Tesla relationship, battery fab plant in the US & therefore control the source & are non tariff for US batteries, unlike all their competitors, for one of the major costs of a BEV & expect to have similar in China for that market, again unlike many of their competitors.
Currently competitors can't make cars through lack of batteries, the Korean's for example have no ability to deliver their BEV cars till at least next year.
One can read about all the competition, but it is all technically inferior & starved of batteries. Once governments begin to ratchet up taxes on co2 emitting ice engines the revenue stream for legacy auto gets in trouble.
Regards,