Ryan Felton

But still, at the same time, a lot of people are starting to come around to the idea that they've basically had the same models for years now, and that maybe is starting to impact consumer appetite for it. But that said, Tesla told investors that it's planning to introduce what they're calling more affordable models, which has been a bit of a mystery. What exactly that is.

But still, at the same time, a lot of people are starting to come around to the idea that they've basically had the same models for years now, and that maybe is starting to impact consumer appetite for it. But that said, Tesla told investors that it's planning to introduce what they're calling more affordable models, which has been a bit of a mystery. What exactly that is.

It could be a brand new car, possibly what it was long hoped for. But now the expectation is that it'll be an even more stripped down version of the Model Y and Model 3.

It could be a brand new car, possibly what it was long hoped for. But now the expectation is that it'll be an even more stripped down version of the Model Y and Model 3.

Thinking about how the semiconductor crisis kind of played out, it was something that was percolating for a while and then it just blew up. What we've been seeing and talking with folks in the industry here is there has been a lot of back and forth for the better part of two months now between companies over who's paying what on the tariff. Are you paying everything? Am I paying everything?

Thinking about how the semiconductor crisis kind of played out, it was something that was percolating for a while and then it just blew up. What we've been seeing and talking with folks in the industry here is there has been a lot of back and forth for the better part of two months now between companies over who's paying what on the tariff. Are you paying everything? Am I paying everything?

Are we splitting it? And if those discussions break down, that's where you can start to have discussions. hiccups in supply chain challenges. One supplier, this isn't just hyperbole, it's been proven over time, one supplier can really wreak havoc on the entire industry. There's a lot of really specialized components and only so many companies that make them.

Are we splitting it? And if those discussions break down, that's where you can start to have discussions. hiccups in supply chain challenges. One supplier, this isn't just hyperbole, it's been proven over time, one supplier can really wreak havoc on the entire industry. There's a lot of really specialized components and only so many companies that make them.

And so if one goes down, it can immediately become a challenge.

And so if one goes down, it can immediately become a challenge.

So far, the way that companies have said they're going to handle this is we're not going to raise prices for now. That's because most companies have, roughly speaking, two months worth of unsold new cars on dealer lots. So that kind of gives you a bit of a runway to start figuring out contingencies. And there's reason to think things could play out where consumers may not see a significant jump.

So far, the way that companies have said they're going to handle this is we're not going to raise prices for now. That's because most companies have, roughly speaking, two months worth of unsold new cars on dealer lots. So that kind of gives you a bit of a runway to start figuring out contingencies. And there's reason to think things could play out where consumers may not see a significant jump.

This change, for example, to the auto parts tariff that the Trump administration introduced last week, it made the tariff on a lot of auto parts within this North American region exempt from the tariffs, at least for now. So if that stays in place and a lot of these parts continue to be exempt, I think it's possible you could see the damage limited.

This change, for example, to the auto parts tariff that the Trump administration introduced last week, it made the tariff on a lot of auto parts within this North American region exempt from the tariffs, at least for now. So if that stays in place and a lot of these parts continue to be exempt, I think it's possible you could see the damage limited.

But that said, thinking of a company like Subaru, for example, or Volvo is another good example. Volvo's earnings were pretty bleak. Customers who like cars, very import-heavy carmakers may be the ones who see the issues first because unlike a company such as Ford or GM, they have less levers to pull to really figure out how to maneuver this.

But that said, thinking of a company like Subaru, for example, or Volvo is another good example. Volvo's earnings were pretty bleak. Customers who like cars, very import-heavy carmakers may be the ones who see the issues first because unlike a company such as Ford or GM, they have less levers to pull to really figure out how to maneuver this.

I'm looking at something to help some of the car companies where they're They're switching to parts that were made in Canada, Mexico, and other places. And they need a little bit of time. because they're going to make them here, but they need a little bit of time.

I'm looking at something to help some of the car companies where they're They're switching to parts that were made in Canada, Mexico, and other places. And they need a little bit of time. because they're going to make them here, but they need a little bit of time.