Tesla Warns Trump Tariffs Risk Hurting U.S. Automakers and Export Competitiveness

In a letter to the U.S. Trade Representative, Tesla raises concerns about the impact of trade policies on supply chains and international sales.

Tesla sent an unsigned letter to the U.S. Trade Representative warning that retaliatory tariffs could raise costs for American-made vehicles and reduce their competitiveness overseas.
The letter highlights challenges in sourcing certain components domestically, despite Tesla's efforts to localize its supply chain.
Tesla urged the administration to evaluate trade actions to avoid imposing cost-prohibitive tariffs on essential parts for U.S. manufacturing.
The company expressed concern over the downstream effects of tariffs, which could harm U.S. automakers and manufacturing jobs.
Tesla's stock has dropped significantly this year, with some attributing the decline to CEO Elon Musk's political involvement and economic instability tied to the administration's trade policies.