Elon Musk's Disapproval of Tariffs on Chinese-made EVs

SOURCE www.breitbart.com
Elon Musk expressed disapproval of 100% tariffs on Chinese-made EVs and stated that Tesla competes well in the Chinese market without tariffs. He believes in a level playing field for all competitors and is against tax incentives for EVs and oil/gas. Musk warned that Chinese EV companies could dominate the global market if trade barriers are lifted.

Key Points

  • Musk disapproves of 100% tariffs on Chinese EVs
  • He is against tax incentives for EVs and oil/gas
  • Musk warned about Chinese EV companies dominating the global market if trade barriers are removed

Pros

  • Tesla competes well in the Chinese market without tariffs
  • Musk believes in a level playing field for all competitors

Cons

  • Tesla faced challenges in 2024 due to an aging fleet, weakened consumer demand, and global competition