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News@lemmy.worldEnglish · 1 day ago

Tesla complains about being target of retaliatory tariffs, and it was right: it's starting

603

Tesla complains about being target of retaliatory tariffs, and it was right: it's starting

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 1 day ago

Tesla’s policy team sent a letter to the US government to complain about potentially being the target of retaliatory tariffs...

Summary

Tesla warned the U.S. government that it could face retaliatory tariffs due to Trump’s trade policies, and those concerns are becoming reality.

Canada has started targeting Tesla by excluding its products from EV charger rebate programs, with officials considering removing Tesla from a $4,000 EV purchase rebate as well.

Canadian politicians, including NDP leader Jagmeet Singh, have proposed a 100% tariff on Tesla imports.

Tesla, reliant on Canadian and Mexican manufacturing, now faces backlash over CEO Elon Musk’s close ties to Trump and his trade war policies.

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AlecSadler@sh.itjust.works
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17 hours ago
It’s stupidly overvalued and yesterday I saw an article where one analyst gave it a $500+ target. Bullshit. Probably paid off.

I just cross my fingers he meets his maker soon.

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