Tesla Expresses Tariff Concerns to U.S. Trade Representative
**Tesla Expresses Tariff Concerns to U.S. Trade Representative**
By Nick Wingfield
8 hours ago
Source: Financial Times
Elon Musk's Tesla submitted a letter to the U.S. trade representative expressing concerns about the impact of President Donald Trump's tariffs on the electric vehicle maker's business.
According to the Financial Times, a Tesla associate general counsel, Miriam Eqab, submitted the unsigned letter earlier this week after the trade office solicited feedback from U.S. companies on foreign trade policies. The letter said the Trump administration's trade war could result in retaliatory tariffs on Tesla vehicles it ships overseas and increases in costs of minerals like lithium and cobalt that Tesla needs to make the batteries in its cars, the FT reported.
Musk was one of President Trump's biggest financial backers during his campaign and is at the center of the administration's efforts to shake up the federal government. But the new administration and Musk's support for it could hurt Tesla in a variety of ways, from vandalism aimed at Tesla vehicles to the president's efforts to cancel an EV tax credit.