Detroit Automakers Face $42B Costs from Trump’s 25% Tariffs
April 11, 2025
The study, released on Thursday by the Ann Arbor, Michigan-based organization, found Detroit automakers Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI), maker of Jeeps and Ram trucks, specifically will see increased costs of $42 billion. The study found the Detroit Three could see tariffs of nearly $5,000 for the parts they import on […]
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Tesla Shares Surge to $1 Trillion
November 9, 2024
The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar mark for the first time in more than two years. The stock gained 29% this week, adding more than $230 billion in market capitalization, its best since January 2023. “Tesla and CEO Elon Musk are perhaps the biggest winners from […]
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