Elon Musk’s Tesla has warned the Trump administration that it could face retaliatory tariffs in a letter uncovered by the Financial Times. Tariffs are the driving force behind the stock market these days, and Tesla believes that its stature as a US manufacturer could expose it to tariffs against America and increase the costs of manufacturing vehicles in the US. The letter comes after Musk outlined his goal to significantly increase Tesla’s US manufacturing footprint in the midst of the a massive share price drop that has eroded more than a third of his company’s value. Tesla’s shares fell by […]
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