Kamila Dominovsky
👤 SpeakerAppearances Over Time
Podcast Appearances
Last year, Tesla lost its crown as the world's top EV maker.
The Chinese company BYD sold more all-electric vehicles, and it wasn't even close.
But Tesla has long maintained its pivoting toward fully autonomous vehicles with no pedals or steering wheel and robots.
That's why the company is discontinuing its higher-end vehicles.
Optimus is Tesla's humanoid robot, which Musk says will enter production this year, although Tesla's timelines are often optimistic.
President Trump said weeks ago he'd put new tariffs on medium and heavy-duty trucks.
Think delivery vans, 18-wheelers, buses.
Those will kick in November 1st.
This action also extends a program allowing automakers to offset some tariffs on parts.
Carmakers have been very vocal with the White House about how tariffs are hitting cars made in U.S.
That's because even the most made-in-America vehicle relies on some imported parts, and those have tariffs.
This extension reduces how much those parts tariffs hurt companies.
Automaker stocks went up after news outlets reported that this was coming.