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Interestingly, the impact of these tariffs might favor Tesla, which has a substantial number of American-made components in its vehicles. Analysts have remarked that three of the top ten EVs sold in the U.S., particularly the Tesla Model 3 and Model Y, are manufactured in Mexico but face less threat from tariffs. The potential for tax deductions on car loans for U.S.-made vehicles could further enhance Tesla's position in the market.
However, the tariffs could inflate overall vehicle prices, adding pressure to consumer spending and confidence already at a four-year low.