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CEO Elon Musk is in a high-profile government spat, and Tesla (TSLA) is in the crosshairs.
Peter Navarro, a trade advisor to President Donald Trump, has said, “When it comes to tariffs and trade, we all understand in the White House - and the American people understand - that Elon is a car manufacturer, but he’s not a car manufacturer. He’s a car assembler.” Navarro was implying that Tesla simply “assembles” vehicles from auto parts made abroad.