Tesla warns of tariff impacts on US exporters

Tesla has expressed concerns about potential harm from trade tariffs imposed by the Trump administration. In a letter to a US trade representative, the company warned that retaliatory actions from other countries could negatively impact US exporters. Despite Elon Musk's close ties to President Trump, Tesla's share price has dropped 40% this year. Analysts attribute this decline to production target worries and decreased sales, rather than Musk's political alignment. Tesla is adjusting its supply chains to rely more on local suppliers, but it noted that some components are still hard to source in the US. The company highlighted that previous US trade actions have led to increased tariffs on electric vehicles in other countries.