It looks like Elon Musk might be on his
way out of the White House and Tesla.
Since joining the Trump administration and the department of government efficiency (Doge), Musk has become toxic to the brand image of Tesla which is seeing falling sales and profits. Tesla showrooms have been vandalised and Tesla cars set on fire. Tesla electric vehicles are also being boycotted.
The Financial Times recently reported that in an unsigned letter to the U.S. trade representative Jamieson Greer, Tesla said it would be "exposed to disproportionate impacts' from retaliatory import tariffs by other countries."
Space X which is also owned by Musk have also written to the U.S. government asking for an exemption from tariffs on products it buys from China. Trump's erratic policy making on the hoof seems to be giving everybody the jitters including Musk.
Posts
No comments:
Post a Comment