Elon Musk played a central part in putting Donald Trump in the White House as the 47th President of the United States, and while that arrangement sent his personal fortune soaring, a new analysis shows Tesla is paying a price of its own. The company that made him one of the richest people alive is now watching its earnings erode even as his net worth climbs.
Nikkei Asia recently analyzed the per-vehicle profits of seven of the world’s most important car manufacturers. These included the top five by sales, along with Tesla and BYD, using company financial data and figures from QUICK FactSet. The results show how tariffs in the United States have eroded some of Tesla’s profits.
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