Bloomberg Technology
Tesla Emerging as Tariff Winner, Crypto Welcomes Paul Aktin for SEC Chair
Mar 27, 2025
The impact of President Trump's 25% tariff is reshaping the auto industry, giving Tesla and Rivian an edge over foreign competitors. Luminar's CEO discusses a game-changing tech deal with Caterpillar, expanding into the industrial automation market. Meanwhile, the crypto world buzzes with excitement as progress accelerates, contrasting the past four years. The potential nomination of Paul Atkins as SEC chair raises questions about the future balance between crypto growth and regulation.
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Quick takeaways
- Tesla benefits significantly from the 25% tariff on auto imports due to its extensive local production, setting it apart from competitors reliant on global supply chains.
- The crypto industry has recently seen more advancements in four months than in the previous four years, highlighting rapid progress amid evolving regulations.
Deep dives
Impact of Tariffs on the EV Industry
The recent 25% tariff on auto imports has significant implications for the electric vehicle (EV) industry, with companies like Tesla gaining a competitive edge due to local production. Tesla manufactures most of its components in the U.S., providing it with insulation from tariffs that heavily impact automakers reliant on international supply chains, such as Ford and GM. Rivian also appears to navigate this landscape effectively, with both companies seeing stock increases in light of tariff expectations. However, analysts caution that the costs associated with these tariffs could eventually lead to higher vehicle prices for consumers, potentially dampening demand in the EV market.
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