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General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2024's share was 17.0%. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.

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목요일(27일) 주요 암호화폐는 투자자들이 도널드 트럼프 대통령의 관세 관련 발표로 인한 시장 불확실성을 저울질하면서 약보합세를 보였다.

관세 불확실성 속 비트코인·이더리움 보합세, 도지코인 하락

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새로 부과된 미국의 25% 자동차 관세는 전 세계 자동차 산업을 혼란에 빠뜨리고 있다. 애널리스트들은 급격한 가격 인상과 판매 감소를 경고한다. 골드만삭스는 수입 자동차 가격이 5,000달러에서 15,000달러까지 상승할 수 있다고 본다.

닛산·마쓰다·스바루 등 일본 자동차 제조사, 잠재적 관세 타격 290억 달러

Impact On Auto Industry Supply Chains

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업계 전문가에 따르면, 미국 자동차 산업은 수입 차량에 대한 25%의 관세가 부과될 것으로 예상됨에 따라 큰 변화의 기로에 서 있다.

트럼프의 자동차 관세, 7백만 대 이상 피해입을 수 있어...&#34;자동차 산업을 침체로 몰아넣을 수도&#34;

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Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk doubled down on his longtime <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">skepticism of LiDAR technology</a> on Thursday following the videos of YouTubers testing his EV vehicles against a ‘Wile E. Coyote' fake wall challenge.
What Happened: Musk took to X, formerly Twitter, to repeat a key pillar of Tesla's self-driving vision: cameras and AI are all you need.
"People don't shoot lasers out of their eyes to drive," Musk wrote, sharing an old clip from Tesla's 2019 Autonomy Day. "Just try Tesla self-driving today, which just uses cameras and AI, and you will understand."
In the video, Musk called LiDAR a "fool's errand," saying, "Anyone relying on LiDAR is doomed. Doomed! Expensive sensors that are unnecessary… like having a whole bunch of expensive appendices."
See Also: <a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People don't shoot lasers out of their eyes to drive. Just try Tesla self-driving today, which just uses cameras and AI, and you will understand. <a href="https://t.co/uArUTLAhlF">https://t.co/uArUTLAhlF</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1905296913567506951?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
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Unlike <a href="https://www.benzinga.com/news/24/11/41676465/tesla-can-make-cybercab-for-the-same-money-it-takes-waymo-to-install-lidar-sensors-on-its-robotaxi-s">competitors such as</a> Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo and General Motors Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise, Tesla has famously avoided using LiDAR, opting instead for a vision-based system.
However, in a twist, a 2024 earnings report from LiDAR manufacturer Luminar revealed that Tesla had quietly become its biggest customer. The EV giant accounted for over 10% of Luminar's first-quarter revenue, totaling more than $2 million.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Musk's latest statement on LiDAR came just weeks after a YouTube video by Mark Rober, known for his science and engineering experiments, surfaced.
The video tested Tesla's camera-only Autopilot/FSD system against a LiDAR-based setup powered by Luminar's technology.
The results indicated that the LiDAR system outperformed the camera-based approach, mainly due to its superior performance in fog and rain, where visibility is reduced.
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<iframe loading="lazy" title="Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/IQJL3htsDyQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
In response to Rober&#8217;s Tesla fake wall test, creator Kyle Paul shared his video aiming to explore whether the company's Full Self-Driving (FSD) system can detect a Wile E. Coyote-style road obstruction in real-world conditions.
In Paul's experiment, the Model Y running FSD version 12.5.4.2 performed no better than in Rober's test—requiring manual intervention to avoid crashing into the fake wall, which appeared less convincing to the human eye. However, Tesla saw a glimmer of success with the Cybertruck, running FSD version 13.2.8, which successfully detected the obstruction and slowed down, ultimately coming to complete stop.
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<iframe loading="lazy" title="Re: Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/9KyIWpAevNs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Meanwhile, China has also made significant progress in lidar innovation. According to Tokyo-based Patent Result, Chinese companies have filed over 25,000 lidar-related patent applications since 2000—far more than the 18,000 from American firms or the 13,000 from Japanese companies, <a href="https://asia.nikkei.com/Business/Automobiles/China-extends-lead-in-lidar-tech-crucial-to-self-driving-cars">reported</a> Nikkei Asia in 2024.
Chinese firms like Hesai Technology and RoboSense now dominate the global lidar market. Hesai, which supplies companies like GM Cruise and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), held a 47% market share in 2022.
Last month, it was reported that Hesai Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) enhanced <a href="https://in.benzinga.com/news/25/02/43629182/hesais-lidar-takes-bigger-role-byds-gods-eye-advanced-driver-assistance">collaboration with Chinese EV</a> giant BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
Under the agreement, Hesai will supply LiDAR sensors for over 10 of BYD's upcoming models, which are set for mass production in 2025.
Previously, it was reported that <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">Tesla&#8217;s sales in China dropped</a> to 30,688 units in February 2025, marking the lowest monthly figure since July 2022.
Price Action: Tesla shares rose 0.39% on Thursday, closing at $273.13, before dipping 0.12% to $272.80 in after-hours trading. Year-to-date, the stock has fallen 27.99%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Rankings give Tesla (TSLA) a 68.11% growth rating. Want to see how it compares to other companies?<a href="https://www.benzinga.com/quote/TSLA"> Click here for the full breakdown</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Elon Musk Says Tesla Doesn't Need Lidar Because 'People Don't Shoot Lasers Out Of Their Eyes' After YouTubers Put His Cars Through Wylie E. Coyote Tests

Leading cryptocurrencies dipped on Wednesday as investors weighed the market uncertainties of President Donald Trump's tariff-related announcements.
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.02%</td>
<td>$87,151.49</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.89%</td>
<td>$1,996.20</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.29%</td>
<td>$0.1893</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin wobbled between the highs of $86,000 and $87,000 throughout the day as trading volume fell by more than 10% in the last 24 hours.
The apex cryptocurrency was up 3.30% over the week but slid nearly 6.70% over the quarter, its worst since the COVID-19 outbreak during 2020.
Industry observers acknowledged that Bitcoin has <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44521011/will-trumps-25-auto-tariffs-take-a-toll-on-bitcoin">reacted more to macroeconomic triggers</a> recently and that uncertainty has caused short-term ripples.
Ethereum too stagnated, bouncing in the range just south of $2,000. The second-largest cryptocurrency experienced an even worse first quarter, falling 39% as of this writing.
Long liquidations hit over $113 million in the last 24 hours, significantly higher than bearish shorts.
Bitcoin's Open Interest rose marginally by 0.10% in the last 24 hours, while funds locked in Ethereum's futures dipped 1.44%.&nbsp;
The percentage of Bitcoin futures traders positioned bearish on the cryptocurrency exceeded those betting on its price increase, suggesting further downsides could be possible.
The market remained gripped by "Fear" sentiment, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Berachain (BERA)</td>
<td>+12.25%</td>
<td>$8.71</td>
</tr>
<tr>
<td>Toncoin (TON)</td>
<td>+8.19%</td>
<td>$4.01</td>
</tr>
<tr>
<td>Cronos (CRO)</td>
<td>+6.18%</td>
<td>$0.1073</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.84 trillion, following a drop of 0.24% in the last 24 hours.
Stocks sank further on Thursday. The Dow Jones Industrial Average fell 155.09 points, or 0.37%, to close at 42,299.70. The S&amp;P 500 slid 0.33%, ending at 5,693.31, while the tech-focused Nasdaq Composite dipped 0.53% to close at 17,804.03.
Investors likely reacted to Trump&#8217;s<a href="https://in.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move"> new 25% tariffs targeting foreign automakers</a>.
Shares of domestic automakers like General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) plunged 7.36% and 3.88%, respectively, during the session.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known blockchain analytics firm CryptoQuant noticed that short-term holders who bought Bitcoin within the last week were profitable.
"The 1w-1m cohort&#8217;s realized price is around $84,740, meaning if BTC dips towards this level, it could act as support," CryptoQuant added.
The firm stated that if BTC stays above this level, it will signal "strength in demand." Conversely, a move below could indicate a potential reversal.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Liquidation event of $359.7M in long positions "If BTC holds above the short-term realized price, it suggests strength in demand. A breakdown below these levels might indicate a potential reversal or correction." – By Amr Taha Full post &#x2935;&#xFE0F;<a href="https://t.co/SW9e16kofW">https://t.co/SW9e16kofW</a> <a href="https://t.co/0YR9rfreGa">pic.twitter.com/0YR9rfreGa</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1905242620869402844?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
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Widely followed cryptocurrency trader Daan Crypto Trades stated that Bitcoin's price would continue to be "heavily" influenced by headlines, given that Trump's tariff "Liberation Day" was approaching.&nbsp;
"Would not be surprised to hang around the mid-$80,000s for a while until that blows over," the trader predicted.
"Now that reserves have plateaued, it looks like investors are sitting on the sidelines," Martinez remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> This range breakdown &amp; sweep might be a bit slower, but it&#39;s also on the back of the sharpest equities sell off since the Yen Carry Trade issues, which coincidentally also marked that last range sweep in August 2024. I think there was a lot of reason and opportunity to dump… <a href="https://t.co/uKAoGP7aDc">https://t.co/uKAoGP7aDc</a> <a href="https://t.co/Qr6fjSJIwZ">pic.twitter.com/Qr6fjSJIwZ</a>
&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1905364454499651632?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
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Photo by SvetlanaParnikova on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44521724/bitcoin-investors-love-the-possibility-of-us-government-investing-in-crypto-for-trump-lots">Bitcoin Investors Love The Possibility of US Government Investing In Crypto. For Trump, Lots of Talk, But No Action Yet</a></li>
</ul>

Bitcoin, Ethereum Flat, Dogecoin Drops Amid Trump Tariffs-Fueled Uncertainty: Analyst Firm Foresees 'Strength In Demand' If BTC Stays Above This Level

The newly imposed <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% auto tariff</a> threatens to disrupt the global automotive industry, with analysts warning of sharp price increases and declining sales.
Goldman Sachs <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">estimates that imported </a>vehicle prices could rise by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. Here&#8217;s what analysts have predicted so far:
<ul>
<li>According to JPMorgan's Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion), with Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) and Subaru (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) among the most vulnerable due to their reliance on imported vehicles. Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) remains JPMorgan's top pick, given its resilience and strong fundamentals, while Suzuki Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>) and Isuzu Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISUZY#OTC">ISUZY</a>) are also favored among mid-tier manufacturers. Read Also: <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">Trump&#8217;s 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns</a> </li>
<li>RBC Capital Markets&#8217; Tom Narayan warns that German automakers like Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) and BMW Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>) are at high risk, though potential retaliatory tariffs from Europe could deter further escalation. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may benefit due to its U.S.-based production, while Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) is expected to pass costs onto its high-end buyers. </li>
<li>JPMorgan autos analyst Ryan Brinkman has slashed price targets for major U.S. automakers, cutting General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) by 17% to $53 from $64, Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) by 15% to $11 from $13, and Ferrari by 12% to $460 from $525, citing heightened earnings risk. </li>
</ul>
With uncertainty around auto demand and the potential for sales fluctuations, investors remain cautious as the industry assesses the economic impact of these sweeping tariffs.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say" target="_blank" rel="noreferrer noopener">April 2 Tariffs Could Trigger A US Dollar ‘Rally To Sell,' Bank Of America Economists Say</a></li>
</ul>
Photo: Shutterstock

Japanese Automakers Face $29 Billion Tariff Hit, Nissan, Mazda, Subaru Most At Risk, Says Analyst

Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump&#8216;s latest <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">move on auto tariffs.</a>
Late Wednesday, Trump announced a 25% tariff on all auto imports starting next week, with duties on auto parts set to follow in May.
European automakers took a hit, with Mercedes-Benz Group AG (OTCPK: MBGAF) and Porsche Automobile Holding SE (OTCPK: POAHF) sliding 2.5% and 5%, respectively. 
Michigan-based carmakers didn't fare much better. Shares of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) fell 2.5%, while General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) plunged 6.5%, with the latter marking the worst performance on the S&amp;P 500.
In contrast, U.S. electric vehicle makers rallied. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 2.6%, and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) jumped 5%. The rally followed comments from Goldman Sachs analyst Mark Delenay, who pointed to their fully domestic production as a significant advantage <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">under the new tariffs.</a>
Meanwhile, gold extended its rally, climbing over 1% and testing record highs as the U.S. dollar softened. Silver gained 2%, while copper pulled back 2% after a strong run that had lifted it to all-time highs.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) held firm at $86,875, signaling a cautious tone across the crypto market.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,840.57</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,277.82</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,687.68</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,060.90</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.4% lower to $566.80.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.5% to $422.32.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.5% to $482.05.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $204.29</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 0.8%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rallied over 8% after the company announced that it would sell its Family Dollar business for $1.01 billion to Brigade and Macellum Capital.</li>
<li>AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) rallied 3.7% to fresh record highs in reaction to import tariffs on automotive parts.</li>
<li>Shares of car rental firms also rallied amid potentially higher margins. Avis Budget Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) and Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) both rocketed by about 20%. </li>
<li>GameStop Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plunged 22% after it announced a private offering of convertible debt to buy Bitcoin.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) tumbled more than 10% after the company announced plans to divest its natural gas assets and operations in Jamaica. </li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) will report its earnings after the close. Shares were up 0.7%. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say">April 2 Tariffs Could Trigger A US Dollar &#8216;Rally To Sell,&#8217; Bank Of America Economists Say</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Equities

Government

Large Cap

Macro Economic Events

Regulations

Commodities

Econ #s

Economics

SPDR Dow Jones Industrial Average ETF Trust

DLTR

LULU

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

Porsche Automobil Holding SE Stuttgart Pref No VTG RTS

POAHF

RIVN

Stocks Slide As Auto Tariffs Boost Tesla, Rivian And Hit GM, Ford: What's Driving Markets Thursday?

JP Morgan analyst Ryan Brinkman maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Overweight and lowers the price target from $64 to $53.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on General Motors, Lowers Price Target to $53

Car prices surged during and after the COVID-19 pandemic. Experts are now warning consumers to prepare for additional price hikes due to President Donald Trump's new 25% tariff on imported vehicles and <a href="https://www.benzinga.com/markets/25/03/44509009/over-7-million-vehicles-could-face-the-brunt-of-trumps-auto-tariffs-this-could-drive-the-auto-industry-into-recession">certain auto parts.&nbsp;</a>
What To Know: President Trump announced the tariffs on Tuesday evening, saying<a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move"> they will </a>&#8220;charge countries for doing business in our country and taking our jobs, taking our wealth,&#8221; and claiming they will &#8220;spur growth like you haven't seen before.&#8221;&nbsp;
Experts predict these tariffs will lead to tighter supply and higher prices by mid-April.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/global/25/03/44494896/us-adds-50-chinese-entities-to-export-restriction-list-curtailing-access-to-nvidia-amd-chips">US Adds 50 Chinese Entities To Export Restriction List Curtailing Access To Nvidia, AMD Chips</a>
&#8220;You&#8217;re going to see price increases,&#8221; Ivan Drury, director of insights at automotive research site Edmunds, told USA Today. &#8220;It&#8217;s such a shotgun approach. Virtually nothing goes unscathed.&#8221; &nbsp;
Price increases are expected across the board, affecting new and used cars, maintenance costs and even insurance premiums as the cost of replacement parts will also go up.&nbsp;
New vehicle prices have gone up approximately 25% <a href="https://www.coxautoinc.com/market-insights/february-2025-atp-report/">since early 2020</a>, according to the Kelley Blue Book, with the average price for a new car just above $48,000 as of February 2025.&nbsp;
According to estimates from the Anderson Economic Group, electric vehicle prices could rise by as much as $12,200 once the tariffs are in effect. Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) EVs could see similar price hikes as the automaker relies heavily on imported batteries and electronics.&nbsp;
Wedbush analyst Dan Ives remained hopeful in a note written Wednesday that the auto tariffs are a negotiation tool and will be revised in the coming weeks.&nbsp;
However, Ives said the tariffs in their current form &#8220;would be a hurricane-like headwind to foreign (and many US) automakers&#8221; and could raise the average car price by $5,000 to $10,000, depending on the make and model.&nbsp;
Why It Matters: While the tariffs might encourage U.S. manufacturing investment in the long term, consumers will face immediate price challenges. Shares of the Big Three U.S. automakers&#8217; stocks are also suffering, with Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) all down sharply on Trump's tariff plans.&nbsp;
Most experts agree that consumers who were considering purchasing a vehicle may now want to move sooner than later as prices are expected to rise.&nbsp;
"If you were thinking about buying in the next couple of years, it might not be a bad idea to make that purchase now if you can afford it," Monica Dwyer, a certified financial planner, <a href="https://www.cnbc.com/2025/03/24/how-much-tariffs-could-drive-up-car-prices.html">told</a> CNBC.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/global/25/03/44477467/trumps-tariffs-on-buyers-of-venezuelan-oil-could-boost-energy-sector-exxon-mobil-stock">Trump&#8217;s Tariffs On Buyers Of Venezuelan Oil Could Boost Energy Sector, Exxon Mobil Stock&nbsp;</a></li>
</ul>
Image: Shutterstock&nbsp;

Personal Finance

Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares are trading lower on Thursday after President Donald Trump announced plans to introduce tariffs on automobiles <a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">and related imports.</a>
What To Know: Trump on Wednesday revealed a 25% tariff on imported cars and key auto parts, according to <a href="https://www.cnbc.com/2025/03/27/auto-stocks-trump-tariffs.html">CNBC</a>.
The tariff on imported vehicles will take effect on April 3, while the tariff on auto parts will begin by May 3. However, auto parts compliant with the USMCA agreement will remain tariff-free until the commerce secretary and U.S. Customs and Border Protection coordinate the logistics of applying tariffs to non-U.S. content.
Shares of Ford, along with other automakers like General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), are moving lower following this announcement, as these companies rely on imported parts to manufacture their vehicles. The tariffs could raise the cost of those imports, potentially impacting their profit margins.
Deutsche Bank analysts noted that, &#8220;Tesla and Ford appear to be the most shielded given location of vehicle assembly facilities although Ford does face incremental exposure on imported engines.&#8221;
Goldman Sachs analysts estimate that this tariff could increase the price of imported cars by $5,000 to $15,000.
See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44514584/wall-streets-most-accurate-analysts-give-their-take-on-3-materials-stocks-delivering-high-dividend-yields-4">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Materials Stocks Delivering High-Dividend Yields</a>
F Price Action: At the time of writing, Ford shares are trading 3.3% lower at $9.96, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

What's Going On With Ford Shares Thursday?

Following President Donald Trump&#8217;s latest tariff move, U.S. consumers could be expected to spend up to $15,000 more on an imported vehicle. This move could sharply rattle auto demand and reshape the competitive dynamics of <a href="https://www.benzinga.com/markets/25/03/44509733/gm-ford-tesla-and-other-auto-stocks-slide-in-thursday-pre-market-whats-going-on">the U.S. automotive market.</a>
In a note shared Thursday, Goldman Sachs analyst Mark Delaney, CFA, said the new 25% tariff on imported autos and certain parts, effective April 3, could raise vehicle prices by $5,000 to $15,000, depending on the model and country of origin.
<h3 class="wp-block-heading">How Much Could US Auto Prices Rise Amid Tariffs?</h3>
According to Goldman Sachs, the price increase assumes tariffs are applied to vehicles ranging from $20,000 to $60,000 — a bracket that covers a large portion of the U.S. auto market.
Delaney said that U.S.-assembled vehicles wouldn't be spared either. With roughly 50% of their components sourced from abroad, tariffs on foreign-made parts could raise the cost of a U.S.-built vehicle by an additional $3,000 to $8,000, based on similar assumptions.
While the White House executive order carves out an exemption for USMCA-compliant content — meaning vehicles and parts meeting certain thresholds of North American origin will only face tariffs on their non-U.S. share — the impact is still expected to be widespread.
Read now: <a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">Trump Imposes 25% Tariffs On Auto Imports, Says &#8216;This Will Continue To Spur Growth&#8217; — Canada, EU Slam The Move</a>
<h3 class="wp-block-heading">Goldman Sachs Sees Earnings Impact For US Automakers</h3>
Of the 16 million light vehicles sold in the U.S. in 2024, only 8 million were assembled domestically, per the White House fact sheet. Further, even those U.S.-built cars contain a significant chunk of foreign content, intensifying the price impact.
Goldman Sachs estimates that a low- to mid-single-digit increase in car prices could lead to a low-single to low-double-digit drop in auto sales, all else being equal. 
That's based on historical elasticity patterns between price and demand in the mainstream vehicle market.
That spells potential trouble for automakers and suppliers alike. 
"We continue to believe that tariffs are a downside risk to earnings for both original equipment manufacturers and suppliers," Delaney said. 
<h3 class="wp-block-heading">Winners And Losers: Will Tesla And Rivian Gain?</h3>
The blow may not be evenly distributed. Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), which manufacture all their U.S. market vehicles domestically, may emerge relatively unscathed.
On the other hand, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) may face a tougher balancing act.
Goldman's estimates show that Ford sources 80% of its U.S. vehicle content domestically, while GM comes in at about 60%-70%. Both companies also export some U.S.-made vehicles, adding complexity to their tariff exposure.
Still, automakers aren't without tools. GM has previously said it could offset 30% to 50% of tariff-related costs through price hikes, supply chain adjustments or production shifts.
"There are some scenarios where the U.S. OEMs can fully offset tariffs," Delaney said, "but also scenarios where OEMs see material negative earnings per share revisions."
Read now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44513963/us-gdp-growth-upwardly-revised-in-q4-trade-deficit-slightly-narrows-as-auto-exports-soar-in-february">US GDP Growth Upwardly Revised In Q4, Trade Deficit Slightly Narrows As Auto Exports Soar In February</a></li>
</ul>
Photo: Shutterstock

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