⁠The Kobeissi Letter
TRUMP'S 25% AUTO TARIFF IMPACTS:

1. Audi: 100% imported

2. Porsche: 100% imported

3. Ferrari: 100% imported

4. BMW: 50% of US sold cars made in US, parts imported

5. Mercedes: 50% of US sold cars made in US, parts imported

6. Stellantis: ~60% of US sold cars made in US, some parts imported

7. Volkswagen: 15% of sales in US with most parts from North America

Widespread price increases are coming.

Auto tariffs are HERE:

President Trump's "Liberation Day" will now include 25% tariffs on cars not made in the US.

This is set to add up to +$12,500 to the price of the average new car SOLD, but not MADE, in the US.

So, why are US automakers crashing?

(a thread) https://t.co/WzBjulVZF7 - The Kobeissi Letter
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⁠The Kobeissi Letter
BREAKING: Tesla stock, $TSLA, rises as much as +7% as market react to 25% auto tariff news.

Tesla produces 100% of their cars in the US, but some parts are sourced from outside of the US.

Did Tesla win this round of the trade war? https://t.co/rYFLNqky4E

Auto tariffs are HERE:

President Trump's "Liberation Day" will now include 25% tariffs on cars not made in the US.

This is set to add up to +$12,500 to the price of the average new car SOLD, but not MADE, in the US.

So, why are US automakers crashing?

(a thread) https://t.co/WzBjulVZF7 - The Kobeissi Letter
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⁠Quiver Quantitative
BREAKING: Senator Kennedy just asked the SEC to look into Sam Bankman-Fried's parents https://t.co/GUshrE6MOI
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⁠The Kobeissi Letter
BREAKING: Gold prices cross above $3,100 for the first time in history as economic uncertainty rises. https://t.co/IxQXOVkUVk
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⁠Quiver Quantitative
Senator Elizabeth Warren: "Some people might call that a pre-bribe" https://t.co/OiYOs3uWRW
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⁠Quiver Quantitative
Representative Tim Burchett just said that he's disgusted with Congress.

"We're not cutting nothing out" https://t.co/3ItSaWf4PF
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⁠The Kobeissi Letter
BREAKING: GameStop stock, $GME, falls over -25% after issuing debt to buy Bitcoin. https://t.co/YqkyHF6g5t
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⁠Quiver Quantitative
A record $81M has now been spent on the Wisconsin Supreme Court race.

This is more than $30M more than the second-most expensive judicial race ever.

The election is less than a week away.
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⁠Quiver Quantitative
BREAKING: Trump is preparing to withdraw Elise Stefanik's nomination for UN ambassador. https://t.co/ba3CmyO7ia
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⁠Investing visuals
Should I do a $HOOD vs. $SOFI faceoff? 🤔
- Yeah👏
- Nah🙂‍↔️
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