Musk, Tesla caught in crosshairs of Trump trade war with China
President Trump’s escalating trade war with China is putting Elon Musk and Tesla in a tight spot as the electric vehicle manufacturer faces climbing tariffs in one of its most important markets.
Tesla suspended new orders of two models on its Chinese website on Friday as Beijing raised tariffs on American goods to 125 percent in the nation’s ongoing trade fight with the U.S.
While Tesla did not provide a reason for suspending the orders, the move may signal Musk – one of Trump’s fiercest allies ...