Hours after Elon Musk posted a series of tweets about global trade and President Trump's tariff plan, Mr. Trump specifically called out Musk's support at the tariff signing at the White House Thursday. Unlike other vehicle makers that have reluctantly given in to China's demands, Tesla wants to own a factory outright.
Tesla has reportedly been negotiating with China about building a factory in Shanghai - which would allow Tesla sales in China without tariff payments - but Musk has said production wouldn't start till 2020 at the earliest, and Bloomberg reported in February that Tesla wants to own the entire factory while China mandates a joint venture with local partners.
After referencing Musk's tweet, Trump suggested he would eventually enact a plan that would allow the U.S.to match any tariff imposed by other countries.
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"Just want a fair outcome, ideally where tariffs/rules are equally moderate", Musk tweeted.
Trump was quick to lap up the criticism, saying that United States politicians had known this for years but did nothing.
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The delivery between two Tesla facilities comes in with a total round-trip distance of fewer than 500 miles, which means the two Tesla semi-trucks were able to make it on one charge. On top of a 25% tax on imported vehicles, China doesn't allow foreign auto companies full ownership of their Chinese production plants.
As we reported in November, the major source of this disruption will centre around operating costs, which Tesla has said will deliver savings of $US200,000 over diesel trucks over one million miles. Trump said last week the US will implement a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, but didn't specify whether the tariffs will be applied to all imports or just imports from specific countries. "Nothing more. Hope this does not seem unreasonable", he added. They're saving the boosters.
President Trump has become the most effective user of Twitter in the history of the social network, using it as his favorite broadcast method to preach his views and complaints to the broadest population possible.
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