Objectively, Tesla are considered 60-75% american depending on the model.

That is the same range as Honda.

They are going to be facing the least issue from tariffs relative to the competition.

If you only consider US tariffs, and only consider US sales, maybe.

Thing is, car companies are global. And tariffs are cause both political retaliation and shifts in public sentiment.

Ontario already canceled Starlink contracts because of Musk and the US Government, and that's a company that has nothing to do with any of this, apart from the guy who's name is attached to it. So general political retaliation against US companies, and targeted political retaliation against specific companies are both on the table.

On the public side of things, Musk has already pissed off the German public, to the point that somebody started blatantly vote rigging to make it look better - Unless we think that 250,000 germans are living in 2 houses in the US.

From a vehicle perspective, Tesla no longer commands the advantage it did in the EV space. From a political perspective, the US government is going to hurt Tesla slightly less than it hurts everyone else, and other governments are absolutely looking to return the favor against the US specifically, and against specific US companies. And from a social perspective, Musk has absolutely damaged the Tesla brand in the minds of a lot of potential consumers.

Acting like it's fine because domestically Tesla will take slightly less damage than everyone else is... simplistic.