On the surface, the Trump tariffs look like a disaster for Tesla, as they could lead directly to higher vehicle production costs. On one hand, this could lead to shrinking profit

US President Donald Trump threatened to double existing tariffs on China to 20% from next week, piling further pressure on the country’s beleaguered economy. Chinese stocks tanked after Beijing vowed to respond with “all necessary measures” against Trump’s plan.

KEY TAKEAWAYS China-focused exchange-traded funds and stocks of Chinese companies listed on U.S. exchanges fell Friday, after U.S. President Donald Trump said he was planning to double the existing tariff on goods from China.

Nearly 300 protesters gathered outside the Tesla dealership in Owings Mills on Saturday, waving homemade signs as drivers slowly passed by beeping their horns in a show of support.

Protests against billionaire Elon Musk are gaining momentum in the United States and Europe. Demonstrators are picketing Tesla showrooms in response to Musk’s role in the reforms of US President Donald Trump,