BUZZ-Tesla gains in U-turn, bucking sector slump, on limited tariff exposure

Reuters
03-27
BUZZ-Tesla gains in U-turn, bucking sector slump, on limited tariff exposure

** Tesla's TSLA.O shares up 1% premarket, reversing earlier losses on fears of hit from new US taxes on auto imports

** While CEO Musk warns of "significant" impact, analysts say Tesla's exposure is limited due to a US-centric supply chain

** Other US automakers drop, with GM GM.N down ~6%, Ford F.N down 3%

** Wedbush analyst says Tesla less exposed as its production and assembly is all in the U.S.

** Daiwa analysts say TSLA is "least exposed" to new tariffs

** Musk, though, warns of hit to some imported car parts

** Avg rating of 54 brokerages is 'hold' on TSLA -LSEG data

** YTD, TSLA down ~33% due to a host of worries, while GM has dropped 4.4% and Ford has risen 5.7%

(Reporting by Arsheeya Bajwa in Bengaluru)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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