Elon Musk’s Tesla has seen a major decline in the world and has fallen by $ 120 billion in the total value since its staging in politics. But much more wait for him and the EV area. President Donald Trump’s tariffs are also prescribed to affect the EV region, so warns Tesla.
In an uncontrolled letter to American business representative, Jemison Greer, Tesla has stated that although it “supports fair trade”, US administration should ensure that it “does not harm American companies inadvertently”.
Trump has imposed tariffs that will affect vehicles and parts done worldwide.
Tesla said in the letter, “As an American manufacturer and exporter, Tesla encouraged the United States Trade Representative (USTR) office, which to consider the downstream effects of some proposed works done to address unfair trade practices.”
Tesla said, “American exporters naturally have an impact when other countries respond to American trade functions. The evaluation of potential tasks by the USTR to improve unfair trade should also take into account exports from the United States”, Tesla said.
“For example, previous trade works by the United States have resulted in immediate reactions by targeted countries, including increased tariffs on electric vehicles imported in those countries.”
In Germany where Musk is supporting a far-fetched political party, sales fell nearly 70% compared to January last year. According to the magazine per time, Tesla sold 7,517 vehicles in Europe in January, which was sold before that year in January. Tesla saw a 50% decline in sales in Portugal and 45% decline in France, while sales in Sweden fell 42% and 48% in Norway.
Trump also said on truth social this week, “Lunatics left the radical, as they often do, are illegally and trying to boycott Tesla.”
On Tuesday, Trump bought a new Red Tesla with the CEO of the company. “Wow, it’s beautiful,” Trump said he made his way easier in the seat of a model X driver.
Recently, anti-dogi protesters collected near Tesla Stores, with several holding banners to protest their push to cut government funding with several holding banners, “Elon should go away” and “Honak if Elon Musk should be removed”.
“As the USTR continues to evaluate potential trade functions to improve inappropriate trade practices, the timelines for implementation must also be considered. American companies will benefit from a phased approach that enables them to prepare accordingly and ensure proper supply chain and compliance measures”, Tesla said.
