Automakers including Tesla, General Motors, and Stellantis have withdrawn their profit forecasts due to President Trump's fluctuating tariffs, leaving the industry uncertain. The recent executive order altered some tariffs but did not provide total clarity, hence companies are hesitant in planning. This instability disrupts long-term investment decisions for major car manufacturers, emphasizing their need for predictable economic conditions in the face of ongoing tariff confusion and potential future changes.
Car companies across the board are yanking their profit guidance for the year in the hopes of gaining some clarity on the ever-changing tariff situation.
The lack of clarity was even more stark this week, as Trump signed a new executive order walking back some of the tariffs he had just imposed.
Collection
[
|
...
]