Tesla warns Trump administration about potential tariffs impact

Tesla has expressed concerns about President Trump's tariffs in a letter to the administration, warning of potential retaliatory tariffs. The letter, dated March 11, emphasizes the negative impact of tariffs on Tesla's costs and competitiveness. The company highlighted that tariff actions have led to increased costs for vehicles made in the U.S. and for exports. Tesla urged the administration to consider supply chain issues and the challenges of sourcing components domestically. Tesla's letter calls for a review of trade policies to avoid burdensome tariffs that could harm U.S. manufacturers. It remains unclear if CEO Elon Musk was involved in sending the letter.