Lifting a rock to smash one's own foot! As soon as the threat of tariffs from Trump emerged, the stock prices of usa automotive giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
Trump Tariff Threats Hit Ford, GM, Other Auto Stocks. This Is Why. -- Barrons.com
Nikola Options Spot-On: On November 25th, 120.51K Contracts Were Traded, With 1.32 Million Open Interest
On November 25th ET, $Nikola(NKLA.US)$ had active options trading, with a total trading volume of 120.51K options for the day, of which put options accounted for 59.2% of the total transactions, and
Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.
① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.
European Car Sales Flat in October, EVs Gain Ground, ACEA Says
Europe Car Sales Stagnate as Electric Vehicle Weakness Persists