President Donald Trump said at a press conference that automakers in the U.S. must build entire vehicles, including all of their parts, in the country, Reuters reports. “He’s going to end up building his whole car here. Pretty much he does,” Trump said referring to Musk, according to Reuters. “All of the manufacturers will build their parts here too. It used to bother me they make a part in Canada, a part in Mexico, a part in Europe, and sent all over the place, and nobody knew what the hell was happening… But over the next year, they’ve got to have the whole thing built in America. That’s what we want.” Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- Ford to recall 29,501 2024-2025 F-150 Lightning BEV vehicles
- “If It Doesn’t Stay, it Will Imperil What We Do in Marshall.” Ford Stock (NYSE:F) Gains Despite Battery Factory Threat
- Trump Trade: Appeals court temporarily halts ruling against tariffs
- SCHD ETF News, 5/30/2025
- Ford Stock (NYSE:F) Posts Small Gain After Unexpected Shutdown on Explorers
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue