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InsideEVs
InsideEVs
Technology

Tesla Up, Germans Down: Trump Reelection Already Shifts The Market

Donald Trump Tesla Inc. Elon Musk The European Union Mexico BMW NIO United States European Union China
  • BMW, Mercedes-Benz, Porsche and Volkswagen shares dropped by up to 6.4% after Donald Trump was reelected for a second term.
  • It was likely his plan to add new import tariffs on goods from abroad that sent the stock prices down.
  • Trump has said he plans to impose tariffs as high as 75% if Mexico doesn't address his illegal immigration concerns.
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