The electric carmaker’s warning about tariffs comes despite its boss's key position in the Trump administration.

U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs. Julian Satterthwaite reports.

Kimbal Musk, the brother of Tesla CEO Elon Musk, has been offloading shares of Tesla in recent months just as the stock has made a massive retreat from all-time highs. The electric vehicle maker, however briefly, had been among the select group of trillion-dollar companies following the stock’s post-U.S. presidential election surge.

Tesla is set to unveil a more affordable vehicle in the first half of 2025. Details are scarce, but new reports say it could take after the Model Y.