What Will Musk Say?
While clothes and accessories are not Elon Musk’s thing, he has been vocal about tariffs in the past and China’s retaliatory move could impact Tesla.
He was vocal in opposition when Biden introduced an array of levies in May last year. “Neither Tesla nor I asked for these tariffs, in fact, I was surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good,” Musk told a Paris tech conference.
This was, however, a roll-back from comments he made only months before that trade barriers were needed to stop China from “demolish[ing] most other car companies in the world”.
Forbes is reporting that Musk has been hit dramatically by the tariffs. Tesla suffered the largest percentage loss in its stock valuation among the 46 US companies valued at $200 billion or more. This knocked $11.8 billion off of Musk’s net worth.
Musk is uncharacteristically quiet on X about this at the moment but check again in the middle of the night; and he may have unleashed his views.
