Tesla warns it could be targeted by retaliatory tariffs or raise the cost of U.S.-made cars
Tesla (TSLA.O) has warned that President Donald Trump's trade war could make it a target for retaliatory tariffs against the US and increase the cost of making cars in the country, the Financial Times reports. In an unsigned letter to U.S. Trade Representative Jamison Greer, Tesla said it ‘supports’ fair trade but warned that ‘U.S. exporters will be disproportionately impacted when other countries respond to U.S. trade actions ‘. ‘For example, past U.S. trade actions have resulted in immediate responses from targeted countries, including increased tariffs on electric vehicles imported into those countries,’ the company wrote in its 11 March letter. The letter highlights that even Tesla, which is led by Musk, a close Trump ally, is concerned about the potential impact of broad tariffs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - India's Kotak Mahindra Bank shares rise on second quarter loan growth; Goldman Sachs reiterates 'Buy' rating
October 6 – ** Shares of India’s Kotak Mahindra Bank KTKM.NS rose 3.3% to 429.80 rupees ** Kotak Mahindra Bank reported a 24.7% increase in net loans for Q2 FY2027 (link) ** Goldman Sachs reiterated its “Buy” rating with a target price of 540 rupees, citing the better-than-expected Q2 performance update ** Given strong deposit growth and organic loan expansion, the bank’s EPS compound annual growth rate (CAGR) estimate for FY2026-29 was raised to 19% ** It was noted that organic loan growth rose from 15% in the previous quarter to 19% year-on-year; this growth momentum is expected to continue, supported by retail loans, SME lending, and commercial banking ** An average of 37 analysts give the stock a “Buy” rating, with a median target price of 470 rupees – data compiled by LSEG ** Year-to-date, the stock is down 5.5% (To assist non-English speakers, Reuters automatically translates its reports into several other languages. Due to the possibility of errors or lack of required context in automated translations, Reuters does not guarantee their accuracy and provides them for convenience only. Reuters accepts no liability for any damage or loss resulting from the use of automated translation features.)
Hyosung TNC stake held by National Pension Service rises to 10.60% from 10.17%
National Pension Service raised its stake in Hyosung TNC to 10.60% as of Sept. 30, 2026. Holding increased to 458,722 shares from 439,981 shares, a net gain of 18,741 shares. Change was driven by on-market purchases and sales, with the reportable event dated Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyosung TNC Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000132), on October 06, 2026, and is solely responsible for the information contained therein.
BoJ may indicate underlying inflation is near the 2% target, sources say
Gold prices continue to fall as HSBC casts doubts and predicts further decline
Crypto prices
More
