Musk Urges Trump To Push For Fair Auto Trade Policies With China

Tesla CEO Elon Musk wants his electric car company to be competitive in China and he's asking for President Trump's help

Tesla CEO Elon Musk has waded into President Donald Trump's battle over America's trade deficit with China, launching a tweetstorm seeking to push the debate into a direction of extreme interest to the Palo Alto electric auto maker.

These policies have frustrated Tesla CEO Elon Musk, who wants to capitalize on the country's growing demand for electric vehicles. But Tesla is not a typical company and Musk, 46, is not a conventional CEO.

Most large USA auto companies already have manufacturing facilities in China, along with large sales. Musk spoke out against two things.

Musk also said he was "against import duties in general, but the current rules make things very hard". It´s like competing in an Olympic race wearing lead shoes, ' Musk complained on Twitter.

Trump said the United States plans to charge countries a "mirror tax" for what American products face. Musk has said in the past that the electric semi is capable of going 500 miles on a single electric charge even while hauling an 80,000-pound load.

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He also said that Tesla tried to work with the Obama administration on this imbalance, but that "nothing happened". All Tesla wanted was a fair outcome, "ideally where tariffs/rules are equally moderate". Nothing more. Hope this does not seem unreasonable, ' Musk wrote. In recent months, Tesla's plans to build a production plant in China have stalled over a disagreement with Shanghai's government over the plant's ownership structure.

The conversation is especially interesting amidst Tesla eyeing its own factory in China. Tesla, however, is firmly opposed to the idea and would like sole ownership of the facility, which is reportedly the factory that will manufacture the Model Y and, to some degree, the Model 3. "We want to make sure that Elon stays and uses Tesla as a vehicle for a lot of growth". Some speculate that the allegiance China's auto companies have with the central government puts the fate of the US companies in political hands.

So far, President Trump has not engaged with Musk on the issue, at least on social media.

Tesla lists its dependence on Musk as a risk factor in securities filings, and some analysts and short sellers have raised concern that the carmaker could run into trouble because of the amount of attention he devotes to other ventures including rocket company Space Exploration Technologies Corp.

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