Trump's Auto Tariffs, Tesla's Stock Plunge, Uber's Tesla Partnership, Musk's Dubai Loop And Starbase City

Rounak Jain

February 16, 2025

The week was a rollercoaster for the auto industry, with President Donald Trump hinting at potential tariffs on automobiles, and Tesla Inc. (NASDAQ:TSLA) shares taking a hit. Meanwhile, Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi expressed optimism for a partnership with Tesla, and Elon Musk’s Boring Company announced plans for a Dubai Loop. Lastly, Musk’s SpaceX Starbase facility is on its way to becoming an official city. Here’s a closer look at these stories.

Trump Eyes Auto Industry for Next Tariff Move

President Donald Trump suggested the possibility of imposing tariffs on automobiles, hinting at a move as early as April 2. This continues his aggressive trade policy, with the auto industry being his next target.

Read the full article here.

Tesla’s Stock Takes a Dive

Tesla’s stock has plunged over 25% from its December peak, and analysts, including Fundstrat’s Mark Newton, believe it hasn’t bottomed out yet. Newton predicts another downward move in the next one or two weeks, potentially tumbling 12% below current levels.

Read the full article here.

Uber CEO Hints at Tesla Partnership

Uber CEO Khosrowshahi expressed optimism for a potential partnership with Tesla, where Tesla would deploy its autonomous vehicles on Uber’s platform. Khosrowshahi stated that he does not wish to compete against Tesla or Musk, if possible.

Read the full article here.

Musk’s Boring Company to Build Dubai Loop

The Boring Company has entered into a Memorandum of Understanding with the Roads and Transport Authority of Dubai to build a loop system in Dubai. The project, dubbed Dubai Loop, will initially be capable of transporting over 20,000 passengers per hour.

Read the full article here.

SpaceX’s Starbase to Become a New City

SpaceX’s Starbase facility will “soon” be an official new city, according to CEO Musk. This follows Cameron County Judge Eddie TreviÃ±o, Jr.’s order for an election for the incorporation of Starbase as a Type-C municipality.

Read the full article here.

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Image generated using Dall-E

This story was generated using Benzinga Neuro and edited by Rounak Jain

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