Tesla warns of increased costs from U.S. trade tensions

Tesla is expressing concern over potential retaliatory actions from other countries due to escalating U.S. trade tensions. The company warned that these actions could increase manufacturing costs and reduce its competitiveness in international markets. In a letter to U.S. Trade Representative Jamieson Greer, Tesla highlighted the risks of retaliatory tariffs on electric vehicles. The company noted that past U.S. trade actions have led to immediate responses from other nations, including increased tariffs on U.S. exports. Additionally, British Columbia has withdrawn subsidies for Tesla charger installations, citing dissatisfaction with Elon Musk's association with U.S. trade policies. This decision reflects growing tensions as Tesla faces challenges, including declining sales and stock prices.