Tesla has warned the US government about the negative impact of retaliatory tariffs imposed by other countries due to President Trump's tariff policy. In a letter to the US Trade Representative, the automaker noted that retaliatory measures to US tariffs increase the cost of Tesla electric vehicles made in the US and reduce their competitiveness in the international market.
Tesla urged the administration to consider the consequences of the new tariffs, especially given the current restrictions on US suppliers. The company acknowledged that even with aggressive localization of production, some parts are simply impossible to buy domestically.
This statement came amid a sharp decline in the price of Tesla shares, which fell after Trump introduced 25 percent tariffs on steel and aluminum. In recent days, the company's shares have experienced a record drop and are now trading at just above $ 240.
Meanwhile, Donald Trump publicly supported Tesla, recently purchasing an electric car from the company. In a conversation with reporters, the president expressed hope that his purchase will have a positive impact on the market situation and the company's share price.