Why Tesla is the big winner in Trump's auto tariffs
President Donald Trump's new 25% tariffs on imported passenger vehicles, which analysts at JP Morgan have called "draconian," sent shares of Ford, GM, and Stellantis plummeting Thursday morning. While there are still unknowns about how the rules will be enforced, there's one clear winner: Tesla. The EV maker's stock shot up by 4% in trading on Thursday.So why are tariffs, which Wall Street believes could cost the auto industry as much as $82 billion and slash earnings at Detroit's Big Three by up to 60%, s ...