President Trump abruptly announced on Wednesday that he would pause big hikes on tariffs for most countries for 90 days, except for China.
Softer than a pair of soiled Depends
And somehow Tesla stock is up 20% and I’m pretty sure that they are dependent on imports from China for … something, batteries? Only the most expensive component of the car?
Investors could be counting on that recent survey of the Salton rare earth deposit.
Or the market could just be as irrational as it always is. Personally I’m going with that one.
No replacement mines will be running before at least 2026
Tesla makes a lot of its own batteries, and some from CATL in China. When Biden changed the EV tax credit to only cover cars with US batteries, Tesla was one of the few that could meet it immediately.
Raw materials mostly do not come from the US, though.
If you believe the idiots on r/conservative, this is all part of his plan.
Ugh, sub is a cesspit of stupidity. “Haha libards, he flip flop and rescinded steps we believed would make the country great – and look the stocks went up! Everything is fine, bunch of doomers!”
This fucking guy is a cancer on the world.
Bully says no punching from anyone else when he realizes this fight will be hard.
Well he’s using Putin’s playbook, so no surprises.
