Tesla Inc. CEO Elon Musk confirmed that the company’s Model Y and Model 3 vehicles possess the highest percentage of American-made content in the U.S. market. The statement follows a ranking by Cars.com shared on X by influencer Sawyer Merritt, which placed the two Tesla models at the top of the list for domestic parts content.

The Tesla Model Y and Model 3 secured the top two positions, followed by Stellantis NV’s Jeep Gladiator and Grand Cherokee, as well as Honda Motor Co. Ltd.’s Ridgeline and Odyssey. According to the post, this marks the sixth consecutive year that Tesla has claimed the title of the most American-made vehicle.

Trade Agreement Uncertainty

The announcement arrives amid ongoing uncertainty regarding the future of the U.S.-Mexico-Canada Agreement (USMCA). Former President Donald Trump has expressed doubts about renewing the agreement, citing trade deficits with Canada and Mexico. U.S. Trade Representative Jamieson Greer indicated that tariffs on Mexico’s auto and steel industries would remain in effect despite renegotiations slated to end July 1st 2026. Greer also suggested the possibility of the administration withdrawing from the USMCA altogether in 2026.

EV Sales and Market Performance

Market research firm Cox Automotive estimated that U.S. EV sales could reach record highs despite the end of the $7,500 Federal EV Credit. The firm projected over 85,000 EVs were likely sold in the U.S. last month. Musk stated that Tesla sales increased following the conclusion of the federal tax credit. Separately, Goldman Sachs Group Inc. released a report forecasting that global EV sales could reduce worldwide oil demand by over 320,000 barrels per day in December 2027.

Tesla reported sales growth across multiple international markets. Sales in China grew 22%, while exports from its Shanghai factory increased 68% in May. In Europe, the company saw significant surges, with sales in France jumping 655% to 5,446 vehicles. Sales in Sweden rose 71% to 858 vehicles, while Denmark and Spain saw growth of 136% to 1,750 vehicles and 113% to 1,690 vehicles, respectively.

Tesla shares fell 5.59% to $382.40 during pre-market trading on Wednesday.

Tesla (NASDAQ:TSLA) has outperformed the market over the past 10 years by 26.03% on an annualized basis, producing an average annual return of 39.73%. Currently, Tesla has a market capitalization of $1.44 trillion.

Investment Growth

If an investor had bought $1,000 of TSLA stock 10 years ago, it would be worth $28,829.77 today based on a price of $382.15 for TSLA at the time of writing.

Performance Metrics

The following table highlights the key performance figures for Tesla over the last decade:

The key insight to take from this data is the significant impact compounded returns can have on cash growth over a long period.