Detroit, MI
Wall Street analysts say Elon Musk is the clear auto tariff winner: 'Tesla wins, Detroit bleeds'
 
																								
												
												
											 
New trucks crowd a parking lot at the GM assembly plant in Oshawa, Ontario, Canada, on Sept. 24, 2019.
Chris Helgren | Reuters
Several analysts on Wall Street see a clear winner emerging from President Donald Trump’s new auto tariff policy: Tesla.
Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major American car producers in diverging directions in Thursday’s trading as Wall Street analyzed who would be most and least hurt by the policy change.
So far, multiple analysts see Elon Musk’s electric vehicle giant as a relative beneficiary given its domestic production. The stock rose more than 5%.
Put simply: “Tesla wins, Detroit bleeds,” wrote Bernstein analyst Daniel Roeska in a Thursday note to clients.
Tesla: ‘Clear structural winner’
Roeska called Tesla the “clear structural winner” of the policy, adding that it has a localized market share and is “better insulated” from trade risk. On the other hand, he said Ford and General Motors could see declines of up to 30% in earnings before interest and taxes this year.
“For everyone else, this is a margin reset and real drag on near-term earnings power,” he said of companies besides Tesla.
UBS analyst Joseph Spak noted both Tesla and competitor Rivian could “fare better” with 100% of production in the U.S. Rivian shares also were nearly 5% higher Thursday.
Tesla, 1-day
But for others in the industry, Spak said there will “clearly be some pain” as tariffs take effect.
TD Cowen analyst Itay Michaeli said Tesla’s substantial domestic sourcing helps make the company a “relative winner.” This is especially true for Tesla’s Model Y, which competes in the midsize crossover segment, a category that will now see close to half of all vehicles hit with levies. Presumably, a portion of the tariffs is likely to be passed on to consumers, making these vehicles more pricey.
Despite Thursday’s gains, Tesla shares have tumbled around 30% this year. Some of the declines have been attributed to political backlash against Musk, who is a key aid to Trump and acts as the face of the president’s government efficiency initiative.
As Tesla shares declined, Trump said earlier this month that he would purchase a Tesla in a show of support for Musk.
But Trump said the billionaire entrepreneur did not advise on auto tariffs because of a potential conflict of interest. Musk posted on his social media platform X that his company was not immune to effects from the policy.
“Important to note that Tesla is NOT unscathed here,” Musk wrote. “The tariff impact on Tesla is still significant.”
Still, Wall Street expects Tesla stock to rebound ahead, with most analysts polled by LSEG having a buy rating and an average price target suggesting about 18% in upside.
A ‘worst case’ scenario?
TD Cowen’s Michaeli called Trump’s announcement “close to the worst case outcome” compared with recent expectations for the policy.
He expects a “significant” initial impact to the Detroit Big Three. Based on policy as it is currently understood, he said Ford should be the least exposed in the group, while Stellantis may be the most exposed.
UBS’ Spak said to expect automakers to raise prices as a result. For Ford and General Motors, he estimated the average price tag could rise between $4,000 and $5,000 if 100% of the cost increase is mitigated.
Analysts pointed out that not every legacy automaker would be hit equally. Deutsche Bank analyst Edison Yu, for instance, listed Ford alongside Tesla in the “most shielded” bucket.
There are also some points of disagreement on which firms would feel the most pressure. Despite Michaeli saying Stellantis would be most exposed, Bernstein’s Roeska said the company should show “relative resilience” compared with other Detroit Big Three carmakers.
Ford’s stock declined 3%, while GM shares shed nearly 8%. Stellantis stock fell more than 2%.
Get Your Ticket to Pro LIVE
Join us at the New York Stock Exchange!
Uncertain markets? Gain an edge with CNBC Pro LIVE, an exclusive, inaugural event at the historic New York Stock Exchange.
In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12.
Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
 
																	
																															Detroit, MI
Detroit diner Rose’s Fine Food is back, and it feels like a homecoming
 
														 
Detroit basks in the glory of resiliency, welcoming praise for its triumph over a series of tribulations — bankruptcy, political corruption, deindustrialization. This resilience has earned Detroit the moniker of “America’s Comeback City,” reemerging not to her former glory perhaps, but, after weathering a few storms, into an even more beautiful patinaed version of herself.
Rose’s Fine Food on Detroit’s east side is a reflection of the city in which it resides.
When it returned after a two-year shutter, Rose’s, the Comeback Kid, didn’t come back with flash or the pizzazz that some restaurateurs see as a prerequisite for dining in the age of social media. I’d argue it did the opposite.
Sure, a fresh start seemed a ripe opportunity for owner Molly Mitchell to give the tiny East Jefferson building a fresh coat of paint in a custom green that nods to the shade of the Detroit River. A pair of charging stations for electric vehicles were also added to the parking lot, but inside, things feel much the same — delightfully lived-in.
Aptly so. For nine years, guests filed into the quintessential diner, ordering the egg sandwich specials scrawled on a chalkboard and griddled pancakes browned by the flat top, which followed a recipe from Mitchell’s grandfather. When the space transformed into a bottle shop during the COVID-19 pandemic, guests would collar sparkling wine or pét-nats well before the average diner became fluent in natural wines, understanding that skin contact means more than brushing up against your neighbor at the bar. Today, scuff marks from nearly a decade of foot traffic add to the restaurant’s wear, and therefore its charm.
Visiting the new Rose’s is as if you hit pause on a classic film in VHS and pressed play in 4K UHD. The place is slightly spruced up — photos on the walls have been rearranged, ornamental mirrors added and that pink-cushioned soda fountain barstool, once anchored off kilter at the end of the 12-seat bar, now splits the counter seating evenly at the center — but the premise is the same. Diners gather around wooden tables topped with dishes that wink at Mitchell’s Polish heritage and smile at in-season ingredients.
Whereas Rose’s was once a brunch destination, new evening-only hours mean you’ll slice into fork-tender kopytka, chubby potato dumplings seared and dressed in dill and garlicky butter. Paired with zucchini spears and pine nuts, your tongue tussles with pillowy soft textures and crunch. Creamy navy beans, once served with an egg at the former Rose’s Fine Food, are now a dinner snack, glossed in a pungent broth spiked with herbs, most notably dill, which you’ll see a dozen times over — in the tomatoes and the sourdough, on the Polish nachos, the plate of pickles and the cabbage slaw.
As the sun sets, the room bounces in the light of flickering tapers, dripping wax in shades of merlot and blush down to their vintage saucers. Servers drop citrusy, umami pickle martinis with dots of dill oil floating at the surface, as if you dropped a beaded bracelet into your glass.
Rose’s exists as a reset for a restaurant scene awash with bells and whistles. Here, cooks honor the thankless work of local farmers, not rendering Michigan produce unrecognizable, but enhancing its beauty by kissing baby radishes with just enough heat to make the dish juicy, and tossing sugared peaches in a simple syrup with vanilla bean and jalapenos until they’re slippery and just spicy enough to sting your lips. The peaches, plump and succulent, are the sort of ambrosial starter that fills you with so much joy you could cry.
Red and golden beets massaged with whey caramel and sprinkled with poppyseeds are so soft they melt. My heart eyes for the beets and the overall experience at Rose’s almost blinded me from noticing the dressing was hardly a caramel, but rather a congealed marinade with a grainy mouthfeel.
On one visit, a friend and I headed to the backyard garden where Mitchell grows many of the herbs incorporated throughout the menu, lanterns lighting up the space just enough for us to see the sunflowers, dahlias and cut flowers that decorate many of the dinner tables.
Come to think of it, your welcome to Rose’s is a preamble to the experience. A wooden console, something like an ofrenda, is topped with a whimsical floral arrangement, a few menus, a shiny silver water pitcher and produce as art. A crookneck squash wraps around two twinkling tea lights, and a massive bowl is filled with a rotation of seasonal ingredients — fresh garlic bulbs filled the summer bowl, while beautiful crimson apples were piled up for fall.
In the dimness of the room, you may miss the specials scribbled onto a mirror that hangs on a wall leading to the kitchen, but a server will bring it into focus. Food and drink specials are listed, like kompot, the refreshing Eastern European fruit juice — this one, tart and mildly flavored of cherry and plum.
There’s a delicate balance of fine food, as the diner’s name suggests, and homey meals. Duck confit veers toward the finer side, a delicate duck leg served on a silver platter with a sweet-savory creamy cherry glaze spilled beneath it. The meat is seductive in the way it’s tender and flavorful, and, tantalizingly, gone far too soon.
Dishes like smoked kielbasa and Rose’s burger are more comforting — the sausage link, split down the middle, has a thick, crisp skin and comes with sweet cabbage and corn doused in a rich, heavy cream sauce that delivers decadence without guilt. The burger feels as if it could very well have come out of your own kitchen, replacing fluffy buns with buttered slices of toasted sourdough. You’ll realize it’s a bacon burger in the playful way the cured meat is ground into a smoky-sweet jam and spread onto the bread.
In the same way that Mitchell celebrates Michigan farmers with the produce served at Rose’s, she links arms with other local purveyors. The kielbasa and beef for the burger are sourced from the women-owned butcher shop Marrow in Detroit’s West Village and sourdough from Black-owned home bakery Lillian’s Loaves.
Retro cakes by Venla’s Cakes are referential to the nostalgic time Rose’s aims to conjure. A time when diners had an identity and served affordable, handmade food, like fresh baked breads and signature sauces, to regulars who’d stop in several days a week. A time well before the ’90s, when Mitchell started working in diners. Buttercream frosting with intricate, drape-y piping covers tar, lemon poppyseed and floral raspberry rose slices. A chewy piece of candied carrot pierces the frosting on a spectacularly moist carrot cake. The potency of the carrot flavor on the candy is surprising and new, and the only drawback is that it sticks to my teeth so well, I’m concerned my tooth might go with it on the release.
The return of Rose’s feels like the homecoming of a lost love, like the return of the one that got away. Sometimes, you just want that old thing back
Rose’s Fine Food, 10551 E. Jefferson Ave., Detroit. 313-822-2729; rosesdetroit.com
While Detroit Free Press restaurant critics are no longer anonymous at area restaurants, they do their best to avoid being pandered to by restaurant staff. They show up to most restaurants unannounced at least three times, and do not accept complimentary meals. The Free Press covers all meals reviewed by critics. Our journalists adhere to the USA TODAY NETWORK Principles of Ethical Conduct For Newsrooms.
Contact Detroit Free Press Dining and Restaurant Critic Lyndsay C. Green at: LCGreen@freepress.com. Follow @LadyLuff on Instagram and Twitter.  Subscribe to the Eat Drink Freep newsletter for extras and insider scoops on Detroit-area dining.
Detroit, MI
Hudson’s Detroit site to feature new restaurant from Shake Shack founder Danny Meyer
 
														 
Detroit’s 2025 Best New Restaurants & Dining Experiences
We count down the Detroit Free Press/Metro Detroit Chevy Dealers Top 10 New Restaurants and Dining Experiences for 2025.
A new restaurant is headed for the Hudson’s Detroit site, and acclaimed restaurateur and author Danny Meyer is behind it.  
The restaurant marks the first Detroit project for Meyer, who established Union Square Hospitality Group in 1985 and later founded Shake Shack in the early 2000s.
A St. Louis native, Meyer is looking forward to bringing a new concept to the Midwest. “As a proud native Midwesterner, I couldn’t be more excited to plant our flag in Detroit,” he said in a news release. “Detroit is brimming with culture, creativity, and pride. Expanding here — and joining such a dynamic neighborhood — gives us the opportunity to grow and innovate alongside a city that’s constantly in motion.”
Union Square Hospitality Group shared few details about the restaurant project in the release, beyond the news that it will open in 2026. The eatery will join the group’s portfolio of highly esteemed bars and restaurants, including The View, the revolving restaurant that overlooks Manhattan; the one Michelin-starred Gramercy Tavern, where contemporary American dishes are centered on farm-fresh ingredients, and two Michelin-starred fine dining restaurant The Modern, helmed by chef Thomas Allan. The group has earned 28 James Beard Awards over the years.
“Detroit has the best restaurants and chefs in the country, and the arrival of Union Square Hospitality Group signals that the world has taken notice,” Andrew Leber, senior vice president of hospitality at Bedrock said in the release. “Hudson’s Detroit is creating new and unforgettable experiences for everyone, further solidifying the city as a must-see destination.”
Hudson’s will welcome Un Deux Trois, the site’s first food and beverage establishment Nov. 6. The French café truck from the team behind swanky Midtown coffee shop and bar Café Sous Terre, will park along Nick Gilbert Way, offering coffee beverages and pastries from local purveyors.
This story is developing. Visit hudsons-detroit.com or ushg.com for more information.
Detroit, MI
Ann Arbor-Detroit bus to offer late-night service for Michigan vs. Purdue football game
 
														 
ANN ARBOR, MI — Leaving Ann Arbor after the Michigan vs. Purdue football game just got a lot easier.
The Regional Transit Authority of Southeast Michigan announced it will extend its nightly D2A2 bus service hours for trips between Ann Arbor and Detroit on Saturday, Nov. 1.
To accommodate fans attending the 7 p.m. game at Michigan Stadium, D2A2 will run trips all day until its last ride departing Ann Arbor for Detroit at 11:15 p.m.
Bus service from downtown Detroit to Ann Arbor will start at 7:30 a.m.
The bus will drop passengers off in Ann Arbor at the Blake Transit Center, where they can either walk or take TheRide to reach the stadium.
“These extended hours demonstrate our dedication to meeting the community’s needs,” Ben Stupka, Regional Transit Authority executive director, said in a statement. “By temporarily expanding D2A2’s service hours for this game under the lights, we’re making it simpler for attendees to cheer on the Wolverines without the hassle of driving or having to leave early.”
D2A2 buses have complimentary Wi-Fi and charging ports for passengers.
One-way fares are $8 at the door or $6 with an advance booking at the D2A2 website.
Seniors, people with disabilities and those purchasing a book of 10 or more tickets are eligible for reduced rates.
The Regional Transit Authority also offered late-night D2A2 game service after the Detroit Lions playoff game against the Washington Commanders in January.
For more information on schedules, fares and additional services, customers can visit the D2A2 website or contact customer service at 517-333-0400.
Want more Ann Arbor-area news? Bookmark the local Ann Arbor news page.
If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.
- 
																	   New York1 week ago New York1 week agoVideo: How Mamdani Has Evolved in the Mayoral Race 
- 
																	   News1 week ago News1 week agoVideo: Federal Agents Detain Man During New York City Raid 
- 
																	   News1 week ago News1 week agoBooks about race and gender to be returned to school libraries on some military bases 
- 
																	   News1 week ago News1 week agoVideo: Driver Crashes Car Into Security Gate Near White House 
- 
																	   News1 week ago News1 week agoVideo: Inside Our Reporter’s Collection of Guantánamo Portraits 
- 
																	   Politics1 week ago Politics1 week agoHunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’ 
- 
																	   World1 week ago World1 week agoTrump to host NATO chief at White House as Putin meeting collapses 
- 
																	   Politics1 week ago Politics1 week agoJack Smith defends subpoenaing Republican senators’ phone records: ‘Entirely proper’ 
 
									 
									 
									 
									 
									 
											 
											 
											 
											 
											 
											 
											 
											 
											 
											 
											 
											