Hello and welcome to the Tuesday May 14th

2019 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Maower, Rough Day for Tesla Stock Yesterday amongst the rest of the market.

Tesla finished down 5.22% to $227.1% this compared to the NASDAQ down 3.41%.

On my stocks app on my phone I've got about 70 different stocks displaying and of those 70 exactly three finished in the green yesterday

obviously pretty rough on the heels of China announcing their sort of retaliatory tariffs in

response to the escalating tariffs, the US placed on Chinese imports on Friday.

The new tariffs announced by China take effect on June 1st and are expected to impact about $60 billion of imports from the US.

However, according to Bloomberg, auto parts remain exempted after their removal from tariff lists

last year.

Now that doesn't mean that Tesla or other automakers

or other companies that have items that are not

on the tariff lists are not impacted.

Clearly, over the short to medium term, these escalating tariffs hurt both the Chinese and the U.S. economies.

That hurts consumer confidence and that hurts spending and that hurts businesses.

Similarly, there are a whole slew of secondary impacts.

For example, tariffs in one area may cause a company to have to raise prices in another

area that may not be directly impacted by the tariffs. The ongoing nature of the tariff negotiations

also causes additional uncertainty not only for consumers but also for businesses as they

evaluate investment opportunities. Clearly something like that could have the potential for impacting Tesla as a company

that's rapidly increasing production. Those sort of rapid production increases at risk and in a climate like

this it may be more difficult to get suppliers to kind of step out on some of that risk.

...