President Trump said that his key advisor and Tesla CEO Elon Musk has not weighed in on tariffs on cars made outside of the U.S. because he may have a conflict, according to CNBC. The president said Musk has never asked him for business favors. Musk contributed $290 million to Trump’s campaign and leads the Department of Government Efficiency while he remains CEO of Tesla and SpaceX. Tesla told the U.S. Trade Representative that some vehicle parts remain hard to source domestically and urged caution on trade actions due to potential downstream impacts.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump said that his key advisor and Tesla CEO Elon Musk is now waiting on tariffs on cars made
00:07outside of the U.S. because he may have a conflict, according to CNBC.
00:11President said Musk has never asked him for business favors.
00:14Musk contributed $290 million to Trump's campaign and leads the Department of Government Efficiency
00:20while he remains CEO of Tesla and SpaceX.
00:23Tesla told the U.S. trade representative that some vehicle parts are made hard to
00:26source domestically and urge caution on trade actions due to potential downstream impacts.