Tesla Warns That Trump's Tariffs Are Hurting It Terribly

It's been a rough start to the year for Tesla. The EV giant kicked off 2025 with the announcement of its first recorded annual sales decline, a staggering 71 percent drop in profit compared to the previous year. This kicked off a chaotic yet inexorable decline in the company's stock price, as recalls and quality issues compounded with CEO Elon Musk's disturbing political stunts and sharply falling sales worldwide. That's without getting into president Donald Trump's seemingly ever-impending tariffs on Mexico and Canada, which threaten to send the price of a vast range of goods sky high — though their execution has been comically messy, quickly devolving into a seemingly endless series of deadlines and delays that have kicked the stock market into a decline. If the whole thing's given you whiplash, just imagine what bigwigs at carmakers like Tesla are feeling. Faced with a combination of slumping sales and tariff see-sawing, Tesla execs just sent a panicked letter to the Office of th ... Read full article.