A supporter of Trump and the CEO of Tesla, Inc. (TSLA), Elon Musk, criticized Peter Navarro, intensifying his accusations against the administration’s policies. tariff policies .
In response to Navarro referring to both him and Tesla as a "car assembler" instead of a manufacturer, Musk rebutted by stating that Tesla produces the highest percentage of American-made vehicles.
The CEO of Tesla harshly condemned Navarro, indicating that the dissatisfaction within Trump’s inner circle has become publicly evident.
"When it comes to tariffs and trade, both the White House and the American public recognize that Elon is a car maker. However, he isn’t actually a car maker; instead, he assembles cars," said Navarro. said in a CNBC interview.
Navarro also mentioned that Tesla obtains certain key components for its electric cars, such as batteries and electronic systems, from nations including China, Japan, and Taiwan.
Navarro mentioned that although he grasped the reasons behind Tesla sourcing certain components from abroad, his preference would be for their production within the United States.
"Elon is completely fine," Navarro stated, downplaying worries about the dispute.
Musk called It is "clearly untrue" and shared a post. report According to Kelley Blue Book, Tesla is the sole U.S.-based company to rank among the top ten for the most American-made vehicles nationwide.
The report indicates that the top four positions on the list are occupied by four Tesla vehicles: the Model Y, 3, X, and S.
This occurs as Republican mega donors and supporters of Trump, including Home Depot Inc.'s cofounder Ken Langone and the billionaire hedge fund manager Bill Ackman, have openly criticized Trump's tariffs.
Musk also made a cryptic post previously, featuring a segment where the late economist Milton Friedman criticized the centrally planned economic system and advocated instead for a globally interconnected economy.
According to According to a Reuters report, the CEO of Tesla has expressed his hope for eliminating tariffs between the U.S. and Europe.
Tesla stock had risen by almost 2.7% when written, with the SPDR S&P 500 ETF Trust The SPY, which follows the S&P 500 index, increased by 1.8%.
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