Tesla’s stock (TSLA) tumbles on China promising more import tariffs on electric cars in trade war

It looks like Elon Musk taking Donald Trump to task on US-China car trade is starting to backfire as the Chinese government adds electric vehicles to the list of products that will be slapped with new tariffs.

As a result, US auto stocks are falling this morning with Tesla leading the pack with the biggest tumble due to its lack of manufacturing in China and its current total reliance on imports. more…

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