Mark Cuban Questions Trump's 'Bloodbath' In Auto Industry Claims: 'That's Good For Tesla Right?'
Mar 19, 2024
âShark Tankâ investor and entrepreneur Mark Cuban took to X, formerly Twitter, on Tuesday to express his confusion over former President Donald Trumpâs recent comments about the U.S. auto industry. What Happened: Cuban dissected Trumpâs claims and sought clarification on several points related to the auto industry and international trade agreements. Cuban highlighted the discrepancy in Trumpâs speech regarding the percentage of cars Mexico exports to the U.S. and the actual figures. He pointed out that the numbers mentioned by Trump did not align with the known data. Cuban also referenced a recent article suggesting that Chinese auto component plants in Mexico wonât be operational for some years, questioning the immediacy of Trumpâs âbloodbathâ scenario. âWhich if true, means there ain't gonna be a bloodbath of any kind from 2024 to 2028,â he added. Moreover, Cuban mentioned the Joe Biden administrationâs consideration of tariffs on EVs made in China, which could potentially benefit American car manufacturers, including Tesla Inc. (NASDAQ:TSLA). âThat's good for @Tesla, right? Did I miss anything? As always, Feel free to correct any mistakes,â he concluded. Full story available on Benzinga.com
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