The former Nikola facilities would supplement Lucid’s existing factory in nearby Casa Grande, Arizona. 

Prices may rise but, in the absence of price-gouging, they will not rise as much as is currently being trumpeted.

If anything, Trump's delay in some of his tariff plans is extending the uncertainty that has already begun to drag on business and consumer sentiment.

The best way to handle rapid change is to stay as informed as possible — both in terms of current market trends and possible changes — in order to run multiple, complex what-if scenarios.

The U.S. government introduced a 25% tariff on imported cars, which went into effect on April 3.

The levies, part of a broader trade war, are expected to upend supply chains and add thousands of dollars in costs to most vehicle models.

This comes on the heels of Tesla's stock price tumbling by 36% in Q1, making it the worst quarter the company has seen since 2022.

Ford saw a 19% rise in sales at dealerships in March, while General Motors reported a 17% year-over-year bump in first quarter sales.

“On average, auto parts cross the border six times before final assembly. In a trade war, that’s a huge vulnerability,” said Canadian Prime Minister Mark Carney.

Trump claimed that the measure would lead to "tremendous growth" for the U.S. car industry.