{"id":38623,"date":"2025-04-08T11:35:15","date_gmt":"2025-04-08T11:35:15","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/08\/elon-musk-fires-back-at-trump-as-tesla-stock-slides-38-amid-china-tariff-tensions\/"},"modified":"2025-04-08T11:35:15","modified_gmt":"2025-04-08T11:35:15","slug":"elon-musk-fires-back-at-trump-as-tesla-stock-slides-38-amid-china-tariff-tensions","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/08\/elon-musk-fires-back-at-trump-as-tesla-stock-slides-38-amid-china-tariff-tensions\/","title":{"rendered":"Elon Musk fires back at Trump as Tesla stock slides 38% amid China tariff tensions"},"content":{"rendered":"
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Elon Musk\u2019s clash with President Donald Trump over new 50% tariffs on Chinese imports<\/a> has put the tech industry on high alert. <\/p>\n

The world\u2019s richest man is pushing back as sweeping protectionist measures threaten US-China supply chains, raising costs for manufacturers and consumers alike. <\/p>\n

Tesla, which has lost more than 38% of its value this year, now faces a worsening demand outlook in China, a key market.<\/p>\n

As pressure mounts, tech leaders are reportedly forming informal lobbying efforts behind closed doors, trying to persuade the administration to adopt a softer stance. <\/p>\n

But internal divisions and key personnel shifts complicate the road ahead.<\/p>\n

Tesla down 38% as demand drops<\/h2>\n

Tesla shares fell over 2.5% on Monday to $233.29, a significant drop that reflects mounting investor concerns. <\/p>\n

Analysts have reduced Tesla\u2019s price target from $550 to $315, citing declining demand and growing reputational issues in China.<\/p>\n

The company\u2019s reliance on Chinese production and sales makes it particularly vulnerable to the latest wave of tariffs, which could directly impact pricing and profitability.<\/p>\n

Tesla\u2019s market struggles come in parallel with CEO Elon Musk\u2019s increasing political activity. <\/p>\n

Once a high-profile supporter of deregulation, Musk has used his platform to criticise Trump\u2019s latest tariff measures while simultaneously trying to influence policy decisions.<\/p>\n

His dual role as business magnate and political interlocutor has placed Tesla at the centre of a broader geopolitical and economic dispute between Washington and Beijing.<\/p>\n

Tech leaders lobby to ease tariffs<\/h2>\n

Behind the scenes, several prominent business leaders are reportedly lobbying for more moderate trade policies. <\/p>\n

According to The Washington Post<\/em>, there have been efforts to form an informal coalition aimed at influencing Trump\u2019s decision-making.<\/p>\n

Investor Joe Lonsdale and other Musk allies are said to have reached out to administration officials, including Vice President JD Vance.<\/p>\n

However, internal dynamics within the Trump administration are shifting. Commerce Secretary Howard Lutnick, previously seen as sympathetic to Silicon Valley, has now become a staunch proponent of protectionist policies. <\/p>\n

His presence, alongside trade adviser Peter Navarro, has created obstacles for those seeking policy moderation.<\/p>\n

Musk\u2019s limited success in lobbying efforts was evident when he posted on X in response to the US trade representative\u2019s defence of the tariffs. <\/p>\n

Though previously critical, Musk commented \u201cGood points,\u201d suggesting a potential recalibration of his public tone. <\/p>\n

Still, the larger implications for Tesla and the wider tech industry remain unchanged.<\/p>\n

Tariffs raise long-term consumer costs<\/h2>\n

One of the most significant criticisms of the new tariffs is their long-term effect on American consumers. <\/p>\n

Kimbal Musk, a Tesla board member and Elon Musk\u2019s brother, described the tariffs as a \u201cpermanent tax\u201d in a post on X.<\/p>\n

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@kimbal<\/span><\/a><\/p>\n
\u00b7<\/span>Follow<\/a><\/div>\n<\/div>\n<\/div>\n

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Who would have thought that Trump was actually the most high tax American President in generations.
\nThrough his tariff strategy, Trump has implemented a structural, permanent tax on the American consumer.
\nEven if he is successful in bringing jobs on shore through the tariff<\/span><\/p>\n

10:21 PM \u00b7 Apr 7, 2025<\/a><\/a><\/div>\n
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5.0K<\/span><\/a><\/p>\n

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