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Trump's 25% Auto Tariffs Are Dragging Down This Penny Stock. Should You Buy the Dip?


Published on 2025-03-31 15:21:20 - Barchart
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  • Investors can probably best describe Chinese electric vehicle maker Nio (NIO) as "frustrating." Looking at the company's stock chart below, it's easy to see why. The five-year trend for Nio has shifted markedly since the post-pandemic bounce.

The article discusses the impact of former President Donald Trump's proposed 25% tariffs on imported automobiles on the stock market, particularly focusing on a penny stock, Mullen Automotive (MULN). The tariffs, if implemented, could significantly affect the automotive industry, leading to increased costs for consumers and potentially benefiting domestic manufacturers. Mullen Automotive, an electric vehicle startup, has seen its stock price decline amidst these uncertainties and broader market conditions. The article explores whether investors should consider buying Mullen's stock during this dip, weighing the potential benefits from protectionist policies against the company's operational challenges, including production delays and financial constraints. It highlights the speculative nature of investing in penny stocks like Mullen, suggesting that while there might be an opportunity for high returns, the risks are equally substantial due to the company's current market position and the broader economic implications of the proposed tariffs.

Read the Full Barchart Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/trump-s-25-auto-tariffs-are-dragging-down-this-penny-stock-should-you-buy-the-dip/ar-AA1C1bC2 ]