Tesla Stock Tumbles as Musk Warns of Trump-Era Tariff Risks

Tesla shares have plummeted, wiping out all gains achieved since Donald Trump’s election win, as investors grapple with slumping sales and CEO Elon Musk’s controversial alignment with Trump-era policies. The electric vehicle giant reportedly sent an unsigned letter to U.S. trade officials warning that Trump’s proposed tariffs risk triggering retaliatory measures from other nations, which could cripple sales for American automakers. While the letter states Tesla 'supports fair trade,' it urges the administration to avoid policies that 'inadvertently harm U.S. companies,' amplifying concerns over Musk’s dual role as a business leader and political lightning rod.