Donald Trump’s latest adjustment to automobile tariffs were billed as relief for the Big Three carmakers, but a leading analyst said Wednesday that Elon Musk’s Tesla will benefit most while others will be stuck “in quicksand” — potentially creating a slight advantage for a company whose CEO donated nearly $300 million to Trump and other Republican causes during last year’s election.

Trump’s first round of massive tariffs fueled widespread attention to the fact that, of the major carmakers, Tesla seemed to be the best protected from the direct impact of tariffs.

“Helps Tesla a lot, Detroit Big 3 still in quicksand.”

Trump issued a new executive order Tuesday scaling back some auto tariffs, a move sought for weeks by domestic automakers who had been whacked with massive duties on imported car parts. While Trump’s latest tariff seesaw could provide temporary relief to some of the Big Three, however, analyst Dan Ives of Wedbush Securities said Tesla still has an edge.

“Helps Tesla a lot, Detroit Big 3 still in quicksand,” Wedbush said in an email.

Wedbush was responding to the complicated impact of two executive orders Trump issued Tuesday, one meant to eliminate “cumulative” tariffs on imported cars and parts, and another providing temporary relief on imported auto parts for cars primarily made in the U.S.

Wedbush said that overall, the latest changes should help Tesla more than the other carmakers, who have greeted the latest Trump announcement with

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