Ford Stock Rises, Tesla Falls as Trump Says He ‘Couldn’t Care Less’ if Tariffs Raise Prices

Shares of Ford (F) rose Monday morning, as U.S. President Donald Trump said in an interview over the weekend that he “couldn’t care less” if automakers increased their prices due to tariffs on vehicle imports.

Some other auto stocks, including Jeep and Chrysler maker Stellantis (STLA), and U.S. electric vehicle maker Tesla (TSLA), fell though those of General Motors (GM) were little changed.

“I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.” Trump said in an interview with NBC News on Saturday when asked if he were concerned about car prices rising following the tariffs.

Trump last week announced a 25% tariff on the import of foreign-made cars and auto parts not compliant with the U.S.-Mexico-Canada Agreement (USMCA). The levies will take effect “on or after 12:01 a.m.” ET April 3, while those on auto parts will begin “no later than May 3.”

Shares of the “Big Three” automakers were mixed with General Motors steady and Ford rising almost 2%, while Stellantis (STLA) dropped 2%. Tesla —whose CEO Elon Musk’s work with the Department of Government Efficiency has unnerved some investors and analysts—are down more than 5%.

Shares of Japanese automakers Toyota (TM) and Honda (HMC) have fallen around 2% and 1%, respectively. In Seoul trading, Hyundai, which last week announced a roughly $21 billion investment in the U.S., closed down 3% and while Volkswagen shares are down by the same level in German trading.

UPDATE—March 31, 2025: This article has been updated to include refreshed share prices.