MechanicalTrader13, yeah, I'd be interesting if they do retaliatory tariffs. Ultimately it's the American consumer that's going to get screwed the most here. They'll have less selection, or they're going to pay a greater cost for the selection.
Retaliatory tariffs will just hurt the Canadian and the EU consumer, but, that would get passed on, and ultimately hurt sales for US corps.
But most US car corps are diversified in multiple countries. So, shooting them in the foot while they contribute to your economy isn't smart.
Canada's current plan (pending election) is to cash boost them to get though Donald.
But I wonder if they might single out Tesler.
Anyways, a good though, something to DD over the weekend.
TSLA what are the the odds that we open monday with a gap down? if it doesn't do that, then would it be bullish for consolidation and then a run up depending on volume?
TSLA Institutional auction pattern suggest that Monday buy zone is 255 and 240-245; call entries on high volume rebound at 240 range for a high probability play, tight stop loss at 238. If Nasdaq is strong, expect 255 being bought up and we see 320 within 10 trading days, then with consolidation 340 - 295.
TSLA Anyone want to make a gentlemen's bet on how long before Trump backs WAAAY off on the auto tariffs once it becomes clear that it will be disastrous?
"“As more people come into the market and start looking for vehicles, and there’s competition with vehicles that are having to be priced higher, then the market will potentially bear higher costs, and so therefore you’ll see other vehicles rising in price as well as used car vehicles,” she said.
Zandi said consumers could see car prices increase between $5,000 and $10,000.
Anderson Economic Group estimated in February after Trump announced a tariff on imports from Canada and Mexico that consumers could see a price increase of between $4,000 and $10,000 for most new vehicles and $12,000 or more for electric vehicles."
"“You will see prices going down but specifically because they will buy what we are doing, incentivizing companies and even countries to come to America and build,” Trump said Wednesday when he announced the tariffs.
But building more plants in the United States takes automakers years and some businesses could also be wary of shifting their supply chain to the United States because of regulatory uncertainty, economists said. Some speculate that Trump, who has backtracked on imposing tariffs before, could use tariffs as a bargaining tool to negotiate with other countries.
“Nobody’s gonna win from the tariffs. Everybody’s gonna lose, but some companies will lose more than others,” said Ilhan Geckil, an economist and managing director at Anderson Economic Group."
