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Lifting a stone to hit one's own foot! As soon as the tariff threat from Trump emerged, the stock prices of usa auto giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
Wolfe's Most Shorted 'Hit List' – FSLR, BE, WBA, SJM
10 Consumer Discretionary Stocks Whale Activity In Today's Session
Trump Tariff Threats Hit Ford, GM, Other Auto Stocks. This Is Why. -- Barrons.com
California's Newsom Vows to Offer EV Rebates If Trump Cuts $7,500 Federal Tax Credit
Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.
① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.
101601389 : not so soon for sure, gross margin is not good, unsold inventories, risk of share dilution, may be gravity might do good for lucid then it can jump
hei tao OP : will it bankrupt
Joseph Busciglio hei tao OP : Go look at the actual products. Lucid vs Tesla is like Ferrari vs Ford IMHO. Tesla is Ford with the standard issue EV. Lucid is Ferrari trying to show the world whats possible.
102269063 : Typo ? 1.7 or 17
hei tao OP 102269063 : 17 brought 2yrs ago I think