Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has touted the high American-made content in the EV giant’s Model 3 and Model Y vehicles amid uncertainty over the U.S.-Mexico-Canada Agreement’s (USMCA) future.
Model Y, Model 3 Top American Content Charts
In a post on X on Tuesday, influencer Sawyer Merritt shared a ranking by Cars.com that listed the top 10 cars in the U.S. market with the highest American content.
The Tesla Model Y and Model 3 were the top two vehicles, followed by Stellantis NV’s (NYSE:STLA) Jeep Gladiator and Grand Cherokee, as well as Honda Motor Co. Ltd. (NYSE:HMC) Ridgeline and Odyssey. “This is the sixth year in a row that Tesla has claimed the most American-made vehicle,” Merritt’s post said.
Quoting Merritt’s post, Musk hailed the American-made content in both cars. “Tesla Model 3 and Model Y have the highest percentage of American-made content!” He said.
USMCA Uncertainty
Recently, Trump expressed doubts over renewing the USMCA, citing trade deficits with both countries. “We don’t need anything that Canada has,” Trump said during the briefing, adding that the U.S. needed to be treated better by Mexico and Canada.
Meanwhile, U.S. Trade Representative Jamieson Greer said that tariffs imposed on Mexico‘s auto and steel industries would remain in effect despite renegotiations in the U.S.-Mexico-Canada agreement, which are slated to end July 1st 2026.
Greer had also hinted at the possibility that the Trump administration was mulling withdrawing from the USMCA altogether in 2026.
US EV Sales Grow
Estimates shared by market research firm Cox Automotive earlier this month suggested that U.S. EV sales could reach highs despite the end of the $7,500 Federal EV Credit by President Donald Trump at the end of last September.
The estimate suggests over 85,000 EVs were likely sold in the U.S. last month. Musk had also said that Tesla sales increased after the end of the Federal EV Credit.
Meanwhile, Goldman Sachs Group Inc. (NYSE:GS) released a new report that said global EV sales could reduce worldwide oil demand by over 320,000 barrels per day in December 2027.
Tesla Sales Surge
Tesla also recorded a growth in its sales across multiple markets following consistent declines, with sales growing 22% in China, as well as exports from its Shanghai factory growing 68% in May.
Sales in France surged 655% to 5,446 vehicles during May as Tesla also sold 858 vehicles in Sweden, which demonstrated a 71% growth. Sales grew 136% to 1,750 in Denmark and 113% to 1,690 in Spain.
Benzinga Edge Rankings show that Tesla offers excellent Growth and Quality, but poor Momentum and Value. Tesla also fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: Tesla shares fell 5.59% to $382.40 during Pre-market trading on Wednesday.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
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