A potential delay or pause in auto tariffs as floated by President Trump on Monday is "good news" for Tesla (TSLA) and the so-called Detroit Big 3, Wedbush Securities said in a note Tuesday.

Wedbush analysts, including Daniel Ives, said a pause or delay would be a "big step forward as right now massive delays of new models and shipments and supply chains have made an almost impossible situation for the auto makers in the 313."

The analysts said Tesla is in a relatively much better situation, but the tariffs are a complicating factor that could disrupt the supply chain and raise costs when the company and its Chief Executive Elon Musk are working to balance its operations worldwide.

"We continue to believe the 25% auto tariffs will ultimately be focused on finished cars vs. auto parts at the end of the day which would be a clear positive vs. the original auto parts tariffs," the analysts said.

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