Tesla Is Getting Burnt By Copper's God Candle

Benzinga
2025.07.09 12:34
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Tesla is facing increased production costs due to a significant rise in copper prices, which surged over 13% following President Trump's tariff threats. Each Tesla vehicle uses around 180 pounds of copper, making the company particularly sensitive to price fluctuations. Analysts warn that this could impact the affordability of electric vehicles at a time when mainstream adoption is increasing. While copper miners may benefit, Tesla may need to reconsider its sourcing strategies to maintain margins.