InvestTalk 6-26-2024 – EU Slaps Steep Tariffs on Chinese EVs: How It Impacts Tesla
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 26 June 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
The European Union has announced a significant increase in tariffs on Chinese-made electric vehicles, with hikes of up to 38%. This move will have far-reaching implications for the entire EV market in Europe, as automakers from various regions adjust their strategies to adapt to the new trade landscape. While Tesla's China-produced vehicles will be directly impacted by these higher import duties, the consequences extend beyond a single company. Automakers from China, the US, Europe, and other parts of the world will need to reevaluate their pricing, production, and supply chain strategies to remain competitive in the European market.
Today's Stocks & Topics: OXY - Occidental Petroleum Corp., Market Wrap, AESI - Atlas Energy Solutions Inc., EU Slaps Steep Tariffs on Chinese EVs: How It Impacts Tesla, NXST - Nexstar Media Group Inc. Cl A, Bonds and Treasuries, Borrowing Costs, GEV - GE Vernova Inc., Stock Losses and the Wash-Sale Rule, ARCC - Ares Capital Corp., Forecast X.
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Transcript
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| 0:00.0 | At a time when investors are confronted with market volatility and a variety of challenges |
| 0:09.7 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures. |
| 0:17.0 | Luke Guerrero stands ready to take your finance and investment questions and share his unbiased answers. |
| 0:25.0 | Invest Talk is made possible by KPP Financial, |
| 0:29.0 | a registered investment advisor firm, |
| 0:31.0 | serving clients throughout the United States. |
| 0:34.8 | The clarity for your path forward starts now. |
| 0:39.7 | Here is KPP Financial portfolio manager Luke Guerrero. |
| 0:46.1 | Good afternoon everybody and welcome back to Invest Talk. |
| 0:49.9 | My name is Luke Graham. |
| 0:50.9 | Today is Wednesday, June 26, 2024. We have very exciting show planned for you |
| 0:56.8 | today. Very, a lot of topics that I found pretty interesting, a lot of market moving |
| 1:01.9 | news potentially on the horizon, but most importantly, |
| 1:05.2 | your finance and investment questions, be it your YouTube comments, your iTunes review questions, |
| 1:11.2 | voicemails that you've left on our 24-7 voice bank, or hopefully at some time |
| 1:16.8 | over these next 50 minutes or so your live calls at 888-99 chart. |
| 1:23.0 | With that being said, we'll go over what happened in the market today |
| 1:26.0 | as well as some of those show topics will run down |
| 1:29.0 | after we answer our first caller question now. |
| 1:32.0 | Hey Justin in Lube, this is Rob from Connecticut Calling, asking about Occidental Petroleum. |
| 1:38.5 | Come down a little bit recently and I'm a holder for the past couple of years and I'm just wondering if this might be a decent time to pick some more up depending on if and when things start to cycle a little bit away from the AI conversation and people start looking into other sectors for the first time a little bit and wondering what your thoughts are on that. |
| 1:59.0 | Thanks. |
... |
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