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Founded in 1937, Toyota is one of the world's largest automakers, with 11.0 million units sold at retail in fiscal 2025, including 10.3 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 52% excluding mini-vehicles, while US share is around 15%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2025 sales excluding financial services were JPY 43.8 trillion. Toyota also has a financing arm and manufactures homes and boats.

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Japón rechaza los aranceles del 25 % de Trump a sus automóviles y busca comprensión en las negociaciones comerciales con EE.UU.

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General Motors y Toyota critican a la NHTSA por frenar la innovación y piden regulación federal para vehículos autónomos en EE.UU.

GM, Toyota y otros critican a la NHTSA por frenar la innovación

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<a href="https://www.bloomberg.com/news/articles/2025-07-02/carney-meets-with-automakers-as-canada-s-factories-show-tariff-strain?srnd=homepage-americas" title="https://www.bloomberg.com/news/articles/2025-07-02/carney-meets-with-automakers-as-canada-s-factories-show-tariff-strain?srnd=homepage-americas">https://www.bloomberg.com/news/articles/2025-07-02/carney-meets-with-automakers-as-canada-s-factories-show-tariff-strain?srnd=homepage-americas</a>

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'Carney Meets With Automakers as Canada's Factories Show Tariff Strain" -Bloomberg

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Toyota Motor North America Invests More Than $50M In Construction Of New Amenities For Vehicle And Automotive Technology Testing And Development, Affirming Commitment To The Arizona Proving Grounds

President Donald Trump escalated trade tensions with Japan on Tuesday, threatening to impose tariffs of &#8220;30% or 35%&#8221; if no agreement is reached before the July 9 deadline.
What Happened: The threat represents a significant increase from Japan&#8217;s current 10% tariff rate on most exports, implemented during Trump&#8217;s April 2 &#8220;Liberation Day&#8221; when he imposed duties on trading partners worldwide, <a href="https://www.bbc.com/news/articles/cgeqrd0e9j7o">reported</a> the BBC.
Japanese automakers, including Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), currently face 25% tariffs on vehicles and parts, while steel and aluminum imports carry 50% duties.
&#8220;We&#8217;ve dealt with Japan. I&#8217;m not sure we&#8217;re going to make a deal. I doubt it,&#8221; Trump said, casting doubt on reaching an agreement before the 90-day negotiation window expires.
Japan&#8217;s automotive sector, which <a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">produces 3.3 million vehicles annually</a> in the U.S. and has invested over $60 billion domestically, faces mounting pressure. In June, Chief Trade Negotiator Ryosei Akazawa called the 25% auto tariffs &#8220;unacceptable,&#8221; emphasizing the industry&#8217;s contribution to 2.3 million American jobs.
Toyota has already announced $200 vehicle <a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">price increases starting in July</a>, directly attributing the hikes to tariff pressures. The company exports 1.67 million vehicles to the U.S. annually while manufacturing locally.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/07/46212596/dow-jumps-400-points-as-senate-approves-tax-bill-investor-sentiment-edges-lower-but-fear-index-remains-in-greed-zone" target="_blank" rel="noreferrer noopener">Dow Jumps 400 Points As Senate Approves Tax Bill: Investor Sentiment Edges Lower, But Fear Index Remains In ‘Greed' Zone</a>
Why It Matters: Japan&#8217;s government reportedly responded with a 900 billion yen ($6.3 billion) <a href="https://www.benzinga.com/news/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tuesday">emergency stimulus package to counter tariff impacts</a>. The comprehensive relief program could reach 2.8 trillion yen ($19.7 billion), including local government spending, with 600 billion yen allocated for utility subsidies and 300 billion yen supporting distressed businesses.
Prime Minister Shigeru Ishiba&#8216;s administration faces pressure as parliamentary elections approach. Deputy Chief Cabinet Secretary Kazuhiko Aoki declined to comment on Trump&#8217;s latest threats Wednesday, stating Japan doesn&#8217;t respond to every U.S. official remark.
The escalation contrasts with Trump&#8217;s recent success with the United Kingdom, the only country securing preferential treatment under his tariff regime. The Trump-Starmer trade deal reduced <a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us">UK auto tariffs from 27.5% to 10% and eliminated aerospace duties</a>, benefiting companies like Rolls-Royce Holdings.
Trump originally pledged to sign 90 trade agreements during the tariff pause, but has <a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us">completed only the UK deal</a>.
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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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Politics

Trump Threatens 35% Tariffs On Japan As Trade Deadline Looms: 'Not Sure We're Going To Make A Deal'

Earnings

Reuters Reports Toyota Motor North America Sales Of 193,248 Units In June; June Electrified Vehicle Sales Of 90,426

<a href="https://asia.nikkei.com/Business/Markets/Equities/Toyota-group-unloads-8bn-in-cross-held-shares-as-divestments-pick-up" title="https://asia.nikkei.com/Business/Markets/Equities/Toyota-group-unloads-8bn-in-cross-held-shares-as-divestments-pick-up">https://asia.nikkei.com/Business/Markets/Equities/Toyota-group-unloads-8bn-in-cross-held-shares-as-divestments-pick-up</a>
&nbsp;

'Toyota group unloads $8B in cross-held shares as divestments pick up'- Nikkei Asia

Japan's chief trade negotiator, Ryosei Akazawa, said that the country cannot accept U.S. President Donald Trump's 25% auto tariffs as trade talks continue with the seventh round set to take place in Washington.
What Happened: "We have repeatedly explained to the U.S. that Japan's automobile industry has made an enormous contribution to the U.S. economy," Akazawa said, according to Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-06-26/japan-can-t-accept-us-s-25-car-tariffs-akazawa-reiterates">on</a> Thursday.
Akazawa added that the country wants to explain this "clearly" to the Trump administration and "seek understanding," between the two countries.
Japanese automotive companies produce over 3.3 million vehicles annually in the U.S. and export about 300,000 of these vehicles to other countries, the report suggests.
"In any case, we consider the 25% automobile tariff to be unacceptable," Akazawa said. He also said that Japan ships 1.67 million vehicles to the U.S. However, Japanese automobile manufacturers invested over $60 billion in the country and created over 2.3 million local jobs.
Why It Matters: Akazawa's comments follow Trump's <a href="https://www.benzinga.com/markets/tech/25/06/45942264/trump-to-meet-japanese-prime-minister-shigeru-ishiba-to-discuss-auto-tariffs-at-g7-report">scheduled meeting</a> with Japanese Prime Minister Shigeru Ishiba over the tariffs, among other issues, at the G7 summit. However, the planned meeting could not take place as Trump left the summit early due to the <a href="https://www.benzinga.com/news/politics/25/06/46107752/trump-announces-iran-nuclear-talks-following-us-strikes-that-severely-damaged-iranian-nuclear-program">Israel-Iran conflict</a>.
Tariffs have affected several manufacturers in the U.S., as most recently, Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) announced it will be <a href="https://www.benzinga.com/markets/tech/25/06/46041326/toyota-to-increase-us-vehicle-prices-by-over-200-starting-july-amid-trumps-auto-tariffs-report">hiking vehicle prices by $200</a> starting in July. This comes in as Trump had earlier suggested he <a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">may hike auto tariffs</a> in a bid to boost domestic production. 
Elsewhere, Sen. Elizabeth Warren (D-Mass) warned that Trump's "dumb trade war" was <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46107536/elizabeth-warren-blames-trumps-dumb-trade-war-for-feds-grim-outlook-the-president-is-standing-in-the-way-of-lower-rates-and-lower-costs">standing in the way</a> of lower costs for the country. "Chair Powell confirmed Trump&#8217;s dumb trade war is driving the Fed&#8217;s forecast of higher inflation," she said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Rawpixel.com / Shutterstock.com

Japan's Top Trade Negotiator Calls Trump's 25% Auto Tariffs 'Unacceptable' Amid Ongoing Talks

Major U.S. automakers, including General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and more have criticized the National Highway Traffic Safety Administration (NHTSA) for impeding progress.
What Happened: Alliance for Automotive Innovation, a group representing the car manufacturers, criticized the agency in written testimony to the U.S. House of Representatives hearing, Reuters reported on Wednesday.
"Its fractured relationship with the industry, decades-old safety regulations, and lack of a clear strategic roadmap for emerging technologies are stifling innovation and threatening U.S. global leadership," Alliance for Automotive Innovation CEO John Bozella wrote in the testimony, the report said.
The CEO called on the agency to repeal automatic emergency braking rules, which require a car to come to a halt from up to 62 miles per hour and avoid collision during emergencies.
Bozella also called on the regulator to ease fuel economy requirements and put in a federal regulatory framework for Autonomous Vehicles, which he said wasn't in place despite "years of dialogue."
Why It Matters: The news comes in as automakers have been pushing for a regulatory framework on autonomous driving at a federal level for a while. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk also sounded out calls for regulation for AVs federally <a href="https://www.benzinga.com/25/05/45536915/transportation-secretary-sean-duffy-visits-elon-musks-tesla-gigafactory-in-austin-hints-at-possible-federal-autonomous-driving-regulations">during his meeting</a> with U.S. Transportation Secretary Sean Duffy.
Duffy had also said that the U.S. Department of Transportation will be announcing <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">exemptions to U.S. auto safety standards</a> for domestic manufacturers too. Previously, the exemptions only applied to imports.
Elsewhere, the NHTSA has said it will be easing some regulations for autonomous driving. NHTSA will be<a href="https://www.benzinga.com/markets/tech/25/06/45942936/elon-musks-cybercab-ambitions-just-got-a-boost-as-nhtsa-eases-regulations-for-autonomous-vehicles"> providing exemptions</a> to U.S. Safety Standards "to facilitate automated driving systems technology reaching its full potential," it said in a statement.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
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Photo courtesy: Jonathan Weiss / Shutterstock.com

GM, Toyota Call Out NHTSA Over Safety Rules, Say Regulator Is 'Stifling Innovation,' Holding Back Autonomous Vehicle Future

A resurfaced 1988 interview of President Donald Trump&nbsp;has revealed that the then-businessman had been warning about the &#8216;Trump tariffs&#8217; long before they became a reality.
What Happened:&nbsp;In the interview on&nbsp;The Oprah Winfrey Show, Trump voiced his frustration with U.S. allies, asserting that they should "pay their fair share" in trade relations with the United States. He specifically pointed to Japan and Kuwait as examples of nations benefiting at the expense of the U.S.
&#8220;They&nbsp;knock the hell out of&nbsp;our companies,&#8221; Trump said, adding, &#8220;I&#8217;d&nbsp;make our allies, forgetting about&nbsp;our enemies&#8230; pay their fair&nbsp;share. We are a debtor&nbsp;nation.&#8221;
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Trump criticized Japan&#8217;s trade practices, stating, &#8220;If&nbsp;you ever go to Japan&nbsp;right now and try to&nbsp;sell something forget about it&#8230;&nbsp;They come over here, they&nbsp;sell their cars their VCRs,&nbsp;they&nbsp;knock the hell out of&nbsp;our companies.&#8221;
He argued that &#8216;free trade&#8217; didn't exist when Japan flooded U.S. markets with products while making it nearly impossible for American businesses to operate in Japan.
He also targeted Kuwait, stating, &#8220;Kuwait, they live like kings&#8230; and yet they&#8217;re&nbsp;not paying. We make it&nbsp;possible for them to sell&nbsp;their oil. Why aren&#8217;t&nbsp;they paying us twenty-five percent&nbsp;of what they&#8217;re making? It&#8217;s a joke.&#8221;
Barbara Res, a former executive vice-president at the Trump Organization, recalled Trump believing that the U.S. wasn't receiving sufficient benefits in exchange for providing military support to its ally Japan, as per a previous BBC <a href="https://www.bbc.com/news/articles/c4gp5pw654lo">article</a>. He also found it increasingly challenging to strike deals with groups of Japanese businessmen back then, revealed Res.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/46048352/gop-cant-kill-usps-ev-fleet-under-tax-bill-says-senate-parliamentarian" target="_blank" rel="noreferrer noopener">GOP Can&#8217;t Kill USPS EV Fleet Under Tax Bill, Says Senate Parliamentarian</a>
Why It Matters: Meanwhile, Trump is yet to strike a trade deal with Japan and several other nations as the 90-day deadline of the &#8216;Liberation Day&#8217; tariff looms. So far, the U.S. has inked a deal with the U.K. and finalized the framework of a trade truce with China. On Friday, the Financial Times reported that Japan called off a high-level meeting with the U.S. after the Trump administration demanded higher defense spending from Japan.
The Trump administration&#8217;s tariffs have been a subject of controversy and severe criticism. A federal appeals court <a href="https://www.benzinga.com/news/legal/25/06/45877448/appeals-court-allows-trumps-tariffs-to-remain-in-effect-while-it-reviews-the-lower-courts-decision">recently </a>allowed President Trump&#8217;s sweeping tariffs to remain in effect while reviewing lower court decisions that blocked the duties on constitutional grounds.
These tariffs have been linked to inflation by Federal Reserve Chairman&nbsp;Jerome Powell, who noted that the <a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">inflation median</a> forecast has risen due to the effects of the tariffs.
Notably, Japanese automakers like&nbsp;Toyota Motor Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) have been impacted due to Trump&#8217;s <a href="https://www.benzinga.com/markets/tech/25/06/46041326/toyota-to-increase-us-vehicle-prices-by-over-200-starting-july-amid-trumps-auto-tariffs-report">auto tariffs</a> and indicated that the company is announcing a price hike on certain vehicles sold in the U.S. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nearly 40 Years Ago, Donald Trump Blamed This Country For His Tariff Push — And It's Not China: 'I'd Make Our Allies Pay Their Fair Share'

Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) will implement a price hike on certain vehicles sold in the United States by more than $200 beginning next month.
What Happened: Some models under the Toyota and Lexus brands will see price increases averaging $270 and $208, respectively, as stated by Nobu Sunaga, a spokesperson for the Japanese automaker, according to <a href="https://www.bloomberg.com/news/articles/2025-06-21/toyota-to-raise-us-auto-prices-by-more-than-200-from-july">a</a> Bloomberg report on Saturday.
This adjustment is part of a routine review, with new prices determined by factors such as market conditions and competition, Sunaga explained in an email.
The price revision follows Mitsubishi Motors Corp.&#8216;s recent announcement of increased US prices for three models, also citing regular adjustments to account for inflation.
Japanese automakers, including Toyota, heavily depend on imports to supply the US market and have been dealing with the impact of tariffs on imported cars and parts imposed by President Donald Trump.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46041118/iran-halts-nuclear-talks-with-us-no-negotiations-until-israeli-aggression-stops-says-foreign-minist">Iran Halts Nuclear Talks With US: No Negotiations ‘Until Israeli Aggression Stops,' Says Foreign Minister</a>
Why It Matters: The decision by Toyota to raise prices comes amid a backdrop of increasing tariffs affecting the automotive industry. President Donald Trump has implemented a <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">50% tariff on steel imports</a>, which has significantly increased production costs for automakers in the U.S., potentially adding nearly $2,000 to the cost of each vehicle.
Additionally, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) recently announced price hikes for some of its Mexico-produced vehicles, citing <a href="https://www.benzinga.com/markets/25/05/45277938/ford-hikes-prices-of-select-mexico-produced-vehicles-amid-auto-tariff-uncertainty-report">auto tariff uncertainty</a>. This trend reflects the broader industry response to the tariffs, which have been a significant factor in the pricing strategies of automakers.
Furthermore, President Trump has hinted at the possibility of<a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here"> further increasing auto tariffs</a> to encourage domestic production.
These tariffs could potentially<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"> raise imported car prices by up to $15,000</a>, according to Goldman Sachs.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ChameleonsEye via Shutterstock

Toyota To Increase US Vehicle Prices By Over $200 Starting July Amid Trump's Auto Tariffs: Report

Prominent Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analyst Gary Black has aimed at &#8220;Tesla bears,&#8221; particularly long-term bear Drew Dickson, for what he calls a fundamental misapplication of traditional automotive price-to-earnings (P/E) ratios to Elon Musk&#8216;s burgeoning electric vehicle business.
What Happened: Black argues that the approach of using the auto industry&#8217;s P/Es for Tesla overlooks the stark differences in growth trajectories between the rapidly expanding EV market and the declining internal combustion engine (ICE) vehicle sector.
&#8220;The biggest mistake $TSLA bears make is slapping an auto industry P/E on TSLA's EV business,&#8221; said Black.
Black dissected Dickson&#8217;s latest report, which attempts to value Tesla&#8217;s automotive business by applying an average P/E of 6.5x to 7.7x, derived from traditional automakers like Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Bayerische Motoren Werke AG (BMW), Mercedes-Benz Group AG, General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Renault SA, Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), Volkswagen, Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and SAIC Motor. Corp. Ltd.
Dickson&#8217;s analysis suggests that even at a generous 15x P/E for Tesla&#8217;s automotive business, its market capitalization would be around $100 billion, implying that the market already assigns a staggering $1 trillion valuation to Tesla&#8217;s non-automotive ventures such as FSD, robotaxis, Optimus, and energy business.
According to Black, Dickson&#8217;s analysis &#8220;ignores the fact that TSLA is 100% EVs which are growing at 25-30% per year while ICE vehicles are in a state of permanent decline,&#8221; Black posted.
&#8220;Of course there should be a huge difference in P/Es between EV manufacturers and ICE manufacturers given stark differences in growth prospects.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The biggest mistake <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bears make is slapping an auto industry P/E on TSLA's EV business. From long-term <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bear Drew Dickson's latest report: "We can make a simple determination of what the automobile business is worth. And, by implication, the balance must be these… <a href="https://t.co/euOOrAG01I">pic.twitter.com/euOOrAG01I</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1935280349006676095?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be">Trump&#8217;s Plan To Take On Apple, Samsung With A Smartphone Is A &#8216;Fairytale&#8217;: Dan Ives Warns — It Could Be A Money-Loser For His Company</a>
Why It Matters: <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data also highlights that Tesla was the most overvalued among its peers.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Automobile Stocks</td>
<td>Forward P/E</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>163.934</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>5.269</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>8.475</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>9.901</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>9.891</td>
</tr>
<tr>
<td>BYD (OTCPK: BYDDY)</td>
<td>57.804</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>17.857</td>
</tr>
</tbody>
</table>
</figure>
Black, who is <a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-robotaxi-hype">not holding Tesla</a> in his current portfolio, did express some near-term concerns. He highlighted the asymmetrical risk/reward associated with the upcoming Austin robotaxi test, scheduled to begin on June 22nd.
He also voiced apprehension that the &#8220;more affordable vehicles&#8221; targeted for the third quarter might be lower-cost, which could cannibalize sales of more expensive trims.
Finally, Black anticipates that Tesla&#8217;s second quarter volumes are likely to disappoint, projecting approximately 380,000 deliveries against a Street consensus of 402,000. He attributes this potential shortfall to the ongoing EV price war in China, led by BYD (OTCPK: BYDDY).
Price Action: TSLA shares were 0.61% higher in premarket on Wednesday. The stock was down 16.61% year-to-date, but it has returned 71.09% over the year.
About 26 analysts <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">tracked by Benzinga</a>, covering TSLA, have a consensus target price of $309.76 apiece, with a ‘hold' rating.
The targets range from $19.05 to $500, and the recent ratings by Piper Sandler, Morgan Stanley, and Baird imply an 18.59% upside for the stock.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="385" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075143/ANR-Tesla-new-fresh-1024x385.png" alt="" class="wp-image-953724" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075143/ANR-Tesla-new-fresh-1024x385.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075143/ANR-Tesla-new-fresh-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075143/ANR-Tesla-new-fresh-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075143/ANR-Tesla-new-fresh.png 1161w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Benzinga Edge Stock Rankings shows that Tesla had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 9.41th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075216/Edge-Tesla-New-Fresh--1024x147.png" alt="" class="wp-image-953725" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075216/Edge-Tesla-New-Fresh--1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075216/Edge-Tesla-New-Fresh--300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075216/Edge-Tesla-New-Fresh--768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18075216/Edge-Tesla-New-Fresh-.png 1042w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.31% at $599.39, while the QQQ advanced 0.38% to $531.07, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos from Shutterstock

Gary Black Calls Out Tesla Bears For 'Slapping' Auto Industry Valuation Technique On Elon Musk's EV Business: 'Stark Differences In Growth Prospects'

<ul>
<li>New Toyota&nbsp;Prius Plug-in&nbsp;Hybrid Nightshade Edition Available in 2026</li>
<li>Available in&nbsp;Karashi, Wind Chill Pearl, and Midnight Black Metallic</li>
<li>Up to 44-Miles of Manufacturer-Estimated All Electric Driving Range Rating&nbsp;</li>
<li>Up to a Manufacturer-Estimated 52 Combined MPG Rating in Hybrid Mode&nbsp;</li>
<li>Standard Toyota Audio Multimedia and Toyota Safety Sense 3.0</li>
</ul>
PLANO, Texas, June 16, 2025 /PRNewswire/ -- For 2026, Toyota is introducing the Prius Plug-in&nbsp;Hybrid Nightshade Edition – a bold new chapter in the Prius lineup that fuses sleek sophistication with an unmistakable edge. Built off the XSE grade, the Nightshade Edition elevates the iconic design with an array of captivating black accents that enhance the already stunning profile. From the sleek black badging and door sills to the stylish door handles and bumper trim, every detail has been meticulously crafted to create a cohesive and aggressive look.
The 2026 Prius Plug-in Hybrid is expected to arrive at Toyota dealerships this summer. The Manufacturer's Suggested Retail Price, excluding Dealer Processing and Handling, will start at $33,775 for the SE grade.&nbsp;
 &nbsp;

Toyota Introduces Prius Plug-In Hybrid Nightshade Edition For 2026

The world's richest billionaire has taken a hit to his wealth in 2025. Even after a year-to-date decline for Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock, Elon Musk is still significantly ahead of who is in second place and worth more than several of his automotive rivals combined.
What Happened: Tesla CEO Elon Musk is the world's richest person and gets the majority of his net worth from ownership stakes in the electric vehicle company, SpaceX, xAI and other ventures.
Musk currently ranks first as the world's richest with a wealth of $369 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
This is significantly ahead of the billionaire in second place, Mark Zuckerberg, who is worth an estimated $245 billion.
What's also interesting is that if you look at Musk's wealth, it&#8217;s worth more than several of the largest automotive companies combined.
Take this list, for example:
<ul class="wp-block-list">
<li>Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>): $29.7 billion</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>): $41.9 billion</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>): $47.4 billion</li>
<li>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>): $238.2 billion</li>
</ul>
Add it up and it's a value of $357.2 billion. That means Musk is worth more than these four automotive companies combined, with $11.8 billion left over.
You may not be a billionaire like Elon Musk, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that </a><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45827517/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-68">deserve </a><a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">your attention.</a>
Why It's Important: Musk and Tesla have dominated the electric vehicle market in the U.S. and globally.
Tesla is worth over $1 trillion, even with recent struggles with delivery figures and demand.
A recent public feud between Musk and President Donald Trump sent shares of Tesla down significantly, marking the company&#8217;s biggest one-day market capitalization <a href="https://www.benzinga.com/markets/25/06/45827390/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession-up">loss of $152 billion.</a>
That drop also<a href="https://www.benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires-fortune-has-fared-so-far-in-2025"> sent the wealth </a>of Musk from $368 billion on June 4 to $335 billion on June 5.
Tesla stock and Musk's wealth have rebounded from that feud-related sell-off.
Tesla stock remains down 15.9% year-to-date.
Musk's wealth has taken a hit in 2025 with a $63.5 billion drop in his net worth over the year. This comes with Tesla stock falling, while other ventures of his such as Neuralink, xAI and SpaceX are seeing higher valuations.
Musk became the first person to have a net worth of more than $400 billion in late 2024 and he could be headed back to that figure if Tesla stock can rally on recent robotaxi news and turn positive on the year.
Read Next: 
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<li><a href="https://www.benzinga.com/news/politics/25/06/45845525/exclusive-should-musk-be-fired-from-tesla-after-trump-feud-45-say-this-in-new-poll">EXCLUSIVE: Should Musk Be Fired From Tesla After Trump Feud? 45% Say This In New Poll</a></li>
</ul>
Photo: Shutterstock

Entertainment

Management

Elon Musk Net Worth Down $64 Billion In 2025 — But Tesla CEO Still Richer Than Value Of Ford, General Motors, Stellantis, Toyota Combined

Even as May&#8217;s inflation print was better-than-expected, it snapped a four-month falling streak and rose slightly, hinting that firms absorbed some tariff-induced price hikes.
What Happened: &#8220;Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in prices from tariffs,&#8221; said the chief economist at LPL Financial, Jeffrey Roach.
According to him, prices for apparel and autos, &#8220;both highly sensitive to trade conditions, declined in May.&#8221; Apparel prices also declined in April, indicating that these companies likely &#8220;absorbed tariff costs.&#8221;
&#8220;But don't expect that to continue,&#8221; he added.
Comerica Wealth Management&#8217;s CIO, Eric Teal, reiterated Roach&#8217;s point and explained that tariffs have not yet shown up in consumer prices. &#8220;But a lot depends on the absorption rate of U.S. companies and foreign suppliers.&#8221;
Teal believed that the majority of the tariffs would eventually get passed to the consumer, &#8220;but companies are cautious at this juncture about passing along the price increase.&#8221;
Similarly, the chief economist at Comerica Bank, Bill Adams, said, &#8220;CPI cool in May, but price increases are still likely to accelerate in the second half of the year.&#8221;
Here&#8217;s how automotive and apparel companies have performed in 2025 under the tariff pressures and fear of price increases.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Automobile Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-13.93%</td>
<td>84.12%</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>-5.44%</td>
<td>-11.20%</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>-2.92%</td>
<td>2.07%</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>2.50%</td>
<td>-10.91%</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>10.47%</td>
<td>-11.75%</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>22.40%</td>
<td>54.98%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Apparel Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Urban Outfitters Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>)</td>
<td>21.80%</td>
<td>58.49%</td>
</tr>
<tr>
<td>Citi Trends Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>)</td>
<td>28.29%</td>
<td>51.16%</td>
</tr>
<tr>
<td>Stitch Fix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>)</td>
<td>-1.95%</td>
<td>14.57%</td>
</tr>
<tr>
<td>Carter&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>)</td>
<td>-40.07%</td>
<td>-50.35%</td>
</tr>
<tr>
<td>American Eagle Outfitters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)</td>
<td>-40.98%</td>
<td>-51.67%</td>
</tr>
<tr>
<td>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</td>
<td>-14.33%</td>
<td>-32.63%</td>
</tr>
<tr>
<td>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>)</td>
<td>-7.00%</td>
<td>-16.00%</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-32.24%</td>
<td>-18.57%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a>
Why It Matters: Contrary to the aforementioned views, the CIO at Northlight Asset Management, Chris Zaccarelli, believed that lower-than-expected numbers across the board and a trade deal with China that was agreed to in London would help &#8220;the narrative around tariff-induced inflation should subside.&#8221;
However, &#8220;we are still cautious, but many of the risks that were present in early April appear to be receding at this time,&#8221; Zaccarelli added.
On the other hand, Jamie Cox also believed that the disinflation trend should be intact in the coming months. &#8220;Shelter and energy are going to keep the disinflation trend intact &#8211; prices are moving down in two of the largest categories, so investors should expect further declines in inflation in the coming months,&#8221; he said.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45892385/sp-500-bull-run-tends-to-be-choppy-in-3rd-year-ongoing-31-month-old-bull-market-could-have-more-">S&amp;P 500 Bull Run Tends To Be &#8216;Choppy&#8217; In 3rd Year: Ongoing 31-Month-Old Bull Market Could Have More Legs: &#8216;Better Times Are Coming,&#8217; Says Ryan Detrick </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

CTRN

LULU

SFIX

URBN

Automotive And Apparel Companies 'Absorbed Tariff Costs' Amid Better Than Expected May CPI Print: 'But Don't Expect That To Continue,' Says Expert

As Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gears up for its much-hyped Robotaxi service launch, investors are revisiting the disciplined valuation strategy of Gary Black, who sidestepped a 30% downturn by exiting TSLA in 2021.
What Happened: With Tesla's stock trading at a staggering price, which is 166.67 times higher than its 2026 earnings, questions arise: can Black's approach outmaneuver the speculative frenzy surrounding the Robotaxi rollout?
The EV maker&#8217;s forward price-earnings ratio is 6.47 times more expensive than its industry&#8217;s average of 25.75.
The managing partner at Future Fund LLC, Black, underscored his strategy of selling when TSLA exceeds his valuation target, which demonstrated its efficacy in 2021. By offloading shares at a peak, he avoided a significant drawdown, a move that paid off as he rebought at a lower price.
&#8220;Valuation discipline is when one sells a stock that has reached one's price target. It's not day-trading,&#8221; he said in his X post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Valuation discipline is when one sells a stock that has reached one's price target. It's not day-trading. It's not being short-term focused. It's what all good portfolio managers do. If a stock's price exceeds what one's estimate of value is, one should sell it. In Feb 2021 many…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1932657308573585634?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He shares this anecdote after the Future Fund sold its <a href="https://www.benzinga.com/markets/equities/24/10/41536727/gary-black-fights-off-criticism-says-worst-peformer-in-future-fund-was-tesla-here-are-his-holdin" target="_blank" rel="noreferrer noopener">entire TSLA holding in </a>May 2025, marking the first time since 2021 that the firm did not hold a position in the stock.  
This is relevant today as the stock trades at skyrocketing valuations despite <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">weak first-quarter earnings</a> and a decline last week following President Donald Trump&#8216;s <a href="https://www.benzinga.com/news/politics/25/06/45807968/trump-signals-truce-with-elon-musk-after-online-feud-its-going-very-well-never-done-better">social media spat</a> with Elon Musk. 
Apart from this, the investor optimism around the Robotaxi service launch in Austin, Texas, was also delayed as Musk changed it to June 22, &#8220;tentatively.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tentatively, June 22. We are being super paranoid about safety, so the date could shift. First Tesla that drives itself from factory end of line all the way to a customer house is June 28.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1932591896939147494?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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Targeting this delay, Gordon Johnson of GLJ Research said that it will be valuable for Tesla shareholders for Musk to delay &#8220;the actual FSD launch indefinitely so as Wall Street can continue to put a ridiculous valuation on a biz that does not exist.&#8221; 
<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">The value to <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> shareholders is <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> delaying the actual FSD launch indefinitely so as Wall Street can continue to put a ridiculous valuation on a biz that does not exist. Bringing that biz into existence will prove out what the bears have been saying since 2018. <a href="https://t.co/SbZiMluVIs">https://t.co/SbZiMluVIs</a>
&mdash; Gordon Johnson (@GordonJohnson19) <a href="https://twitter.com/GordonJohnson19/status/1932744572829942167?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/markets/25/06/45876245/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-potentially-savin"> Jeremy Siegel Backs Ted Cruz&#8217;s Plan To End Fed Interest Payments On &#8216;Excess Reserves,&#8217; Potentially Saving $2 Trillion In Deficits: &#8216;Not A Trivial Concern&#8217;</a>
Why It Matters: TSLA shares were 1.69% higher in premarket on Wednesday and rose 5.67% to $326.09 per share on Monday. The stock was down 14.02% year-to-date, but it has returned 91.08% over the year.
As Black bats for selling the stock at its target price, about 26 analysts covering TSLA, <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">tracked by Benzinga</a>, have a consensus target price of $306 apiece, with a &#8216;hold&#8217; rating. 
The targets range from $19.05 to $500, and the recent ratings by Morgan Stanley, Baird and Goldman Sachs imply a 1.51% upside for the stock.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="387" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061315/Tesla-ANR-Fresh--1024x387.png" alt="" class="wp-image-945894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061315/Tesla-ANR-Fresh--1024x387.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061315/Tesla-ANR-Fresh--300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061315/Tesla-ANR-Fresh--768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061315/Tesla-ANR-Fresh-.png 1285w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Additionally, Tesla is the most expensive stock among its peers as it trades higher than General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), which have the same forward P/E industry average of 25.75.
Meanwhile, it is more expensive than other automotive companies like Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and BYD (OTCPK: BYDDY).
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Automobile Stocks</td>
<td>Forward P/E</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>166.667</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>5.339</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>8.621</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>9.911</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>10.571</td>
</tr>
<tr>
<td>BYD (OTCPK: BYDDY)</td>
<td>20.877</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>19.305</td>
</tr>
</tbody>
</table>
</figure>
Benzinga Edge Stock Rankings shows that Tesla had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 9.41th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061237/EDGE-TESLA-FRESH-1024x162.png" alt="" class="wp-image-945889" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061237/EDGE-TESLA-FRESH-1024x162.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061237/EDGE-TESLA-FRESH-300x48.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061237/EDGE-TESLA-FRESH-768x122.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/11061237/EDGE-TESLA-FRESH.png 1048w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly lower in premarket on Wednesday. The SPY was down 0.16% at $602.13, while the QQQ declined 0.11% to $533.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo: Shutterstock

Gary Black's 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla's 2025 Robotaxi Hype

Exclusive Capsule Brings Vintage Toyota Heritage And Costa Rican Adventures To Life With Land Cruiser x Howler Brothers Apparel &amp; Accessories
Austin, Texas, June 10, 2025 &nbsp;/PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4445387-1&amp;h=345920727&amp;u=https%3A%2F%2Fhowlerbros.com%2F&amp;a=Howler+Brothers">Howler Brothers</a>, a design-driven lifestyle brand specializing in outdoor apparel, today announced a one-of-a-kind collaboration with Toyota and its iconic Land Cruiser. This partnership is Howler Brothers' largest co-branded capsule drop to date and infuses the brand's rich Costa Rican history with its well-known ruggedness.

Howler Brothers Announces One-Of-A-Kind Collaboration With Toyota And Its Land Cruiser To Launch Latest Limited-Edition Collaboration

Bank of America Securities analyst Michael McGovern <a href="https://www.benzinga.com/quote/UBER/analyst-ratings" target="_blank" rel="noreferrer noopener">maintained a Buy</a> on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) on Tuesday. However, with Waymo&#8217;s rapid growth in San Francisco and other US cities, the analyst remained more cautious about Lyft, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) and <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings" target="_blank" rel="noreferrer noopener">maintained an Underperform</a>.
McGovern hosted multiple experts on autonomous vehicles (AV), including Edwin Olsen, the CEO of May Mobility and a former manager at Waymo.
May Mobility highlighted how May is one of only two companies currently providing rides without safety drivers in the US (the other being Waymo), the analyst said.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45795167/uber-taps-palo-alto-chief-nikesh-arora-for-directorship" target="_blank" rel="noreferrer noopener">Uber Taps Palo Alto Chief Nikesh Arora For Directorship</a>
McGovern noted that May is currently operating driver-out L4 rides in Peachtree, Georgia, its third market since inception.
The analyst said that in the long term, McGovern expects the AV ecosystem to consist of demand aggregators (Uber, Lyft), vehicle manufacturers like Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), fleet operators like Marubeni, and autonomy providers such as May, Waymo and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In May&#8217;s partnerships with Uber or Lyft, McGovern noted that networks will provide May with thousands of trip requests every hour, allowing them to be &#8220;picky&#8221; about routes and enabling May Mobility to &#8220;drive our asset utilization incredibly high.&#8221;
May is partnering with both Uber and Lyft, as network operators provide a &#8220;firehose&#8221; of demand. As the analyst noted, &#8220;all of the barriers of us scaling to thousands of vehicles are addressed.&#8221;
May is still on track to launch on Lyft &#8220;in the middle of this year&#8221; in Atlanta, whereby riders will request a Lyft and will be assigned a May vehicle &#8220;if we pluck your trip out,&#8221; McGovern said.
Although McGovern expects a rapid ramp-up, the rides will initially start with a safety driver (driver-in) before expanding to driver-out following the test period. The analyst also noted Uber&#8217;s launch will come &#8220;at the end of this year&#8221; in Arlington, Texas, with driver-in testing to start before the broader rollout and driver-out launch.
May Mobility uses a combination of camera, LiDar, and radar, which CEO Olsen views as the &#8220;best way&#8221; to reach L4, McGovern noted. However, he remains &#8220;very bullish&#8221; on camera technology, which is &#8220;advancing fast,&#8221; the analyst noted.
Olsen spoke to the original use case of LiDar sensors in geological surveys, which underscores how a lack of a scalable commercial use case rather than technological complexity triggered the historically high cost per LiDar sensor, McGovern noted.
As a result, Olsen expects the cost of LiDar or radar to continue to drop as AV tech scales, the analyst said. He noted that although it&#8217;s &#8220;possible&#8221; that by 2030, camera-only systems can provide scaled L4 rides, he believes it is &#8220;not a given&#8221; that camera-only is the best system for L4 long term, McGovern said.
The analyst also hosted a former manager at Waymo. Key takeaways included still bullish on sensor tech &amp; mapping ability to scale, with sensor cost dropping quickly, sensor cost minimal when amortized over thousands of rides, but provides &#8220;superhuman&#8221; depth perception, Waymo likely interested in pursuing multiple commercialization opportunities, including network partners (Uber) and OEM partners (Toyota), 4) Zoox likely slower to scale given preference for customized vehicle.
Overall, McGovern noted the proliferation of multiple L4 AV providers, which benefit Uber via its nearly 20 AV partnerships and global scale.
Price Action: UBER stock is up 1.85% at $87.20 at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/05/45252907/uber-sees-strong-trip-growth-but-warns-on-us-rideshare-pressure-in-2025-outlook" target="_blank" rel="noreferrer noopener">Uber Sees Strong Trip Growth But Warns About US Rideshare Pressure In 2025 Outlook</a></li>
</ul>
Image: Shutterstock

Price Target

Reiteration

Analyst Ratings

Trading Ideas

LYFT

UBER

Uber Wins Analyst Praise For Robotaxi Boom, Lyft Faces Tougher Road Ahead

Top executives from major multinational corporations are arriving at Capitol Hill this week to lobby against the implementation of a key tax proposal in President Donald Trump's <a href="https://www.benzinga.com/news/politics/25/06/45764422/white-house-says-trump-is-sticking-to-the-big-beautiful-bill-despite-elon-musks-sharp-criticism-it-doesnt-change-the-presidents-opinion">"big, beautiful bill."</a>
What Happened: Section 899 of the proposed tax package, targeted to raise $116 billion over the next decade, would authorize the U.S. to levy higher taxes on investors and companies from nations deemed to impose unfair tax burdens on American businesses, <a href="https://www.ft.com/content/e2525100-e432-4987-8b7d-e6fdb325145e">the</a> Financial Times reports.
Representatives from nearly 70 companies, including Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHELL#NYSE">SHELL</a>), SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>), are set to meet with lawmakers to advocate for the removal or revision of the provision.
Jonathan Samford, president of the Global Business Alliance, said Section 899 is "a central topic," adding, "I think there is growing momentum to get rid of this provision in the Senate."
The Institute of International Bankers (IIB) is also arranging visits with Treasury officials and Senate Republicans. Beth Zorc, IIB CEO, said, "As passed by the US House of Representatives, Section 899 will stifle foreign direct investment, risk financial market disruptions, and endanger American jobs in states and communities across the country."
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45831613/collapse-in-immigration-poses-a-bigger-economic-threat-than-trumps-tariffs-warns-deutsche-bank-negative-supply-shock-is-not-good-news-for-a-currency">&#8216;Collapse In Immigration&#8217; Poses A Bigger Economic Threat Than Trump&#8217;s Tariffs, Warns Deutsche Bank: &#8216;Negative Supply Shock Is Not Good News For A Currency&#8217;</a>
Why It Matters: <a href="https://www.benzinga.com/news/politics/25/05/45693471/trumps-big-beautiful-bill-could-allow-him-to-hit-back-with-retaliatory-taxes-on-countries-targeting-us-tech-giants">Section 899</a> would increase taxes by 5% annually over four years on dividends and interest paid to <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45830313/foreign-investors-pull-37-billion-from-us-stocks-in-may-largest-monthly-exit-in-a-year-exodus-amid-market-recovery-90-day-tariff-pause">foreign investors</a>, and for the first time would tax portfolio holdings of sovereign wealth funds. The policy would impact countries like the UK, Canada, Australia, and EU member states.
According to the IIB, foreign banks lent more than $1.3 trillion to U.S. businesses in 2023. Their support backed $5.4 trillion in direct investment from foreign companies and generated $270 billion in revenue. A change in tax policy may lead this capital to dry up or move elsewhere.
Jason Smith, chair of the House Ways and Means Committee, said in defense of the policy: "This is a way to help put them in check so that they understand that if they do that to US businesses, there will be consequences for their actions. Hopefully it'll never take effect."
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45830646/trump-musk-feud-moment-expected-by-generations-of-economics-students-vicious-fights-can-break-out-among-friends-over-budget-says-justin-wolfers">Trump-Musk Feud Moment &#8216;Expected&#8217; By Generations Of Economics Students: &#8216;Vicious Fights Can Break Out&#8217; Among Friends Over Budget, Says Justin Wolfers</a></li>
</ul>
Photo courtesy: Rawpixel.com / Shutterstock.com

LVMHF

SHELL

Trump's 'Big, Beautiful Bill' Triggers Corporate Lobbying Blitz In Washington As 70 Firms Push To Kill Section 899: Report

China has issued temporary export licenses for rare-earth materials to suppliers of U.S. automakers.
What Happened: China has issued temporary export licenses to rare-earth suppliers for the top three U.S. automakers, according to a report by Reuters on Friday. This move comes amid ongoing supply chain disruptions due to Beijing&#8217;s export restrictions on these materials.
At least some of these licenses are valid for six months, as per two unnamed sources cited by Reuters. However, details regarding the quantity or specific items covered by the approval remain unclear.
See Also: <a href="https://benzinga.com/news/space/25/06/45764046/elon-musk-dismisses-reports-that-spacex-is-valued-at-480-billion-says-it-sounds-too-high-predicts-its-">Elon Musk Dismisses Reports That SpaceX Is Valued At $480 Billion, Says It Sounds &#8216;Too High:&#8217; Predicts Its Revenue Will Exceed NASA&#8217;s Budget In 2026</a>
China&#8217;s decision in April to limit exports of rare earths and related magnets has affected supply chains crucial to automakers, aerospace manufacturers, semiconductor firms, and military contractors globally. The country&#8217;s dominance in the critical mineral industry is seen as a significant leverage point in its trade conflict with the U.S.
Suppliers for General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) received clearance for some rare earth export licenses on Monday, one source noted.
Why It Matters: The issuance of temporary licenses by China comes at a critical time when global automakers are grappling with potential production disruptions due to rare-earth supply shortages.
A report from May highlighted concerns from automakers like General Motors and Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) about<a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report"> potential factory shutdowns</a> due to these restrictions.
Furthermore, the <a href="https://www.benzinga.com/markets/tech/25/06/45763345/amid-us-china-trade-war-global-automakers-warn-beijings-curbs-on-rare-earth-metals-could-significantly-impact-production">ongoing trade tensions</a> between the U.S. and China have exacerbated these challenges, with automakers worldwide warning of significant impacts on production.
The <a href="https://www.benzinga.com/markets/equities/25/06/45787521/us-auto-suppliers-urge-immediate-action-to-tackle-chinas-rare-earths-restrictions-amid-serious-real-time-risks">U.S. Vehicle Suppliers Association</a> has also called for immediate action to mitigate these risks. Meanwhile, Japan is reportedly planning to<a href="https://www.benzinga.com/news/politics/25/06/45813163/japan-to-offer-us-rare-earth-lng-deal-to-ease-china-trade-war-tensions-at-tariff-talks-report"> offer a cooperation package to the U.S</a>. to ease trade tensions, which includes addressing rare-earth supply chain issues.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

China Grants Temporary Rare-Earth Licenses To US Automakers' Suppliers

Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), as regulatory delays threaten U.S. market leadership in the emerging electric vertical take-off and landing (eVTOL) industry.
What Happened: Lonsdale, co-founder of Palantir Technologies, featured Joby Aviation CEO JoeBen Bevirt on his podcast, demonstrating the company&#8217;s electric vertical takeoff and landing aircraft that reduces hour-long commutes to 10 minutes. The technology operates 100 times quieter than helicopters in hover mode and nearly silent during overflight.
Lonsdale referenced Peter Thiel&#8216;s well-known quote on X, &#8220;We wanted flying cars, instead we got 140 characters,&#8221; noting that Bevirt took the remark &#8220;personally,&#8221; as Joby Aviation is now on the verge of delivering actual flying cars.
Bevirt emphasized aviation&#8217;s importance to U.S. exports, stating the technology could create thousands of jobs. However, Lonsdale warned that Chinese competitors are copying American designs while bypassing lengthy U.S. regulatory processes. 
&#8220;They copy (or steal) American ingenuity, shortcut the regulatory process, and beat USA to market,&#8221; Lonsdale wrote on X, drawing parallels to biotechnology, where Food and Drug Administration delays allow Chinese companies to commercialize innovations first.
U.S. Department of Transportation, Secretary Sean Duffy and Federal Aviation Administration &#8220;must move fast — I&#8217;m glad to hear they&#8217;re doing so,&#8221; Lonsdale wrote on X. 
Bevirt acknowledged that dozens of companies now build aircraft &#8220;almost identical&#8221; to Joby&#8217;s design, highlighting intense competition from China.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Competition in this area is yet another example of the CCP using our dysfunctional bureaucracy against us. They copy (or steal) American ingenuity, shortcut the regulatory process, and beat USA to market. Sec. Duffy &amp; the FAA must move fast — I&#39;m glad to hear they&#39;re doing so. <a href="https://t.co/5EGWq1MU5i">pic.twitter.com/5EGWq1MU5i</a>
&mdash; Joe Lonsdale (@JTLonsdale) <a href="https://twitter.com/JTLonsdale/status/1930466833833849326?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/education/25/06/45787820/trump-administration-says-columbia-university-violated-federal-law-threatens-accreditation-over-failure-to-protect-jewish-students-during-campus-protests">Trump Administration Says Columbia University Violated Federal Law, Threatens Accreditation Over &#8216;Failure To Protect&#8217; Jewish Students During Campus Protests</a>
Why It Matters: Joby recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45655078/joby-archer-flying-cars-on-a-1-trillion-runway-but-still-not-cleared-for-takeoff">secured $250 million</a> from Toyota Motor Corp. to support certification and commercial production. JPMorgan analysts project the eVTOL market could reach $1 trillion long-term, though commercial service may begin in 12-18 months, with mass adoption expected in the mid-2030s.
The competitive landscape intensifies as Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) faces scrutiny from short-seller Culper Research over alleged misstatements about its eVTOL performance. 
XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) affiliate XPENG AEROHT partnered with Autoliv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) <a href="https://www.benzinga.com/markets/equities/24/06/39162311/future-of-travel-xpeng-aeroht-teams-up-with-autoliv-for-flying-car-safety-tech">to develop flying car safety solutions</a>, demonstrating China&#8217;s aggressive push into the sector.
Price Action: Joby Aviation Inc.&#8217;s stock closed at $7.87 on Wednesday, down 1.99% for the day. In pre-market trading, the stock rose 1.27% to $7.97. Year to date, Joby shares are down 2.72%, while the stock has declined 26.52% since its public debut in 2020.
According to Benzinga Edge Stock Rankings, JOBY has an extremely poor valuation but benefits from strong momentum, with a positive price trend across short- to long-term timeframes. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here to view the full stock breakdown</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="898" height="636" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05063725/image-69.png" alt="" class="wp-image-939554" style="width:661px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05063725/image-69.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05063725/image-69-300x212.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05063725/image-69-768x544.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
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<li><a href="https://www.benzinga.com/news/politics/25/06/45787531/trumps-tariffs-hit-poorer-households-the-hardest-yales-budget-lab-finds-2-5-drop-in-disposable-income-for-bottom-decile">Trump&#8217;s Tariffs Hit Poorer Households The Hardest: Yale&#8217;s Budget Lab Finds 2.5% Drop In Disposable Income For Bottom Decile</a></li>
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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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Peter Thiel's Flying Car Dream Nears Reality With Joby Aviation, But Joe Lonsdale Warns FAA 'Must Move Fast' As China Could Overtake US Amid Regulatory Delays

The U.S. Vehicle Suppliers Association has called for immediate measures to address China&#8217;s limited rare earths exports, warning of potential disruptions in auto parts production.
What Happened:&nbsp;The Motor &amp; Equipment Manufacturers Association (MEMA) issued a statement on Wednesday, urging prompt action to resolve the issue of China&#8217;s&nbsp;restricted exports of rare earths,&nbsp;minerals, and magnets. The association warned that the situation could quickly disrupt the production of auto parts,&nbsp;Reuters&nbsp;reported.
China, which dominates more than 90% of the world's rare earth processing capacity, imposed export restrictions in April, mandating that companies secure licenses from Beijing. These measures came in response to a trade war that began when President Donald Trump introduced tariffs on Chinese goods.
The MEMA, in its statement, highlighted the &#8220;serious, real-time risks&#8221; faced by parts companies due to the unresolved situation.&nbsp;The association stressed the immediate need for strong action to avoid major disruptions and economic consequences throughout the vehicle supplier industry.
The report states that the U.S. auto industry is already experiencing the effects of these restrictions. In May, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was forced to suspend production of its Explorer SUV at its Chicago plant for a week due to a shortage of rare-earth materials. 
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Why It Matters: The restrictions on rare-earth magnets from China have been a <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">cause for concern</a> for global automakers, potentially leading to factory closures within weeks.&nbsp;
During early May, auto suppliers and trade groups representing major automakers, including General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen and Hyundai, warned that Chinese restrictions on key materials could seriously disrupt the production of essential automotive components.
Jim Cramer, renowned CNBC host, also raised concerns about China's <a href="https://www.benzinga.com/markets/commodities/25/06/45784952/jim-cramer-says-the-chinese-could-really-hurt-us-as-beijing-tightens-grip-on-rare-earth-magnets-warns-of-threat-to-everything-from-autos-to-data-centers">tightening grip</a> on the rare-earth supply chain, which poses a critical risk to U.S. industries.
That being said, industry experts believe that the U.S. has multiple options to establish a domestic supply chain for rare earths within the<a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges"> next five </a>years, but warn that the process is fraught with challenges.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/legal/25/06/45786428/trump-shuts-the-door-on-permanent-immigration-and-most-visas-from-these-12-nations" target="_blank" rel="noreferrer noopener">Trump Shuts The Door On Permanent Immigration And Most Visas From These 12 Nations &#8211; Benzinga</a></li>
</ul>
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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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