Musk’s Tesla One of the Only Winners From Trump Car Tariffs (1)

Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.

The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US, insulating it to a greater degree from Trump’s new levies on auto imports and key components. Major rivals from South Korea’s Hyundai Motor Co. to Germany’s Volkswagen AG and America’s own General Motors Co. meanwhile will soon face sharply higher costs.

“There are very few ...