Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs.
Mr Musk is a close ally of the US president and is leading efforts to reduce the size of the federal government.
But in an unsigned letter addressed to the US trade representative, Tesla said while it “supports” fair trade it was concerned US exporters were “exposed to disproportionate impacts” if other countries retaliated to tariffs.
The letter was dated the same day that Trump hosted an event at the White House where he promised to buy a Tesla in a show of support for Mr Musk.
It is unclear who at Tesla wrote the letter as it is unsigned, or if Mr Musk was aware of it.
Tesla’s share price has dropped 40% since the start of the year. Mr Musk is the carmaker’s chief executive and while some have argued his alignment with the Trump admini
Read More