
President Donald Trump rocked the auto industry when he announced 25% imports on vehicles and car parts, and then followed up the blow with “reciprocal” tariffs on U.S. trading partners.
Electric vehicle makers like Tesla (TSLA) have not been immune from the pain. Tesla, led by CEO Elon Musk, has seen its stock unravel in 2025 amid sluggish sales, brand backlash, and mounting macroeconomic pressures. The broad-based market selloff triggered by tariff announcements has only worsened the blow for TSLA investors.