1024 ET - Tesla and Rivian Automotive would fare better than their rival carmakers if Donald Trump follows through on his 25% tariff on cars and auto parts made outside of the U.S., UBS analysts say in a research note. Both EV companies do 100% of their production domestically, the analysts say. Neither would escape the pain completely, as not all of their components are from the U.S., the analysts say. Trump has given Tesla's CEO, Elon Musk, a position of wide-ranging power within his administration and said earlier this month that he would buy a Tesla to support Musk after the company's shares tumbled. Tesla and Rivian are both up more than 2% in early trading while other auto stocks tumble. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 10:24 ET (14:24 GMT)
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