Tesla Inc. has warned U.S. Trade Representative Jamieson Greer about the potential risks of trade wars to its financial stability. The letter expresses that trade retaliations could disproportionately impact companies like Tesla, driving up the costs of U.S.-made vehicles abroad and compounding existing challenges for the company. With a 40% drop in stock price this year and declining sales, particularly in Europe and China, the effects of a trade war would likely worsen Tesla's declining unit sales and market share against aggressive competitors like BYD.
Tesla's letter to U.S. Trade Representative highlights severe risks posed by trade wars, suggesting they could worsen Tesla's financial prospects and contribute further to stock declines.
As Tesla faces significant challenges, including a dramatic 40% stock drop this year, the impact of trade sanctions and declining unit sales in key markets raise concerns.
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