Tesla Warns Trump Tariffs Could Increase Costs

washington - Tesla warns of vulnerability to retaliation tariffs amid Trump's trade war. Concerns raised in a letter to US trade representative.

Tesla's Warning on Trump's Tariffs

Tesla, owned by Elon Musk, cautions about the impact of Trump's trade war on the company's costs.

Letter to US Trade Representative

• Expresses concern over potential retaliatory tariffs
• Stresses commitment to fair trade practices

Earlier US trade actions prompted immediate responses, including increased tariffs on imported electric vehicles, Tesla stated in the letter.

The Financial Times reported the letter remained unsigned, citing sources suggesting internal concerns at Tesla about potential repercussions.

Tesla's Musk, a close ally of Trump, faces delicate balancing amid trade tensions.