What Else We Learned on the Call

Musk’s DOGE news stole the show, but there were other tidbits investors should pay attention to on the earnings call.

CFO Vaibhav Taneja quantified some of Tesla’s tariff headwinds. Tariffs on parts could increase the cost of a car by up to $2,000 despite 85% of the content coming from North America.

Tariffs also hit capital spending. Tesla is bringing in equipment from overseas. “It’s expensive to bring it in from China right now,” said Musk.

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