Elon Musk Intensifies Feud with Peter Navarro Amidst Falling Tesla Shares
Tesla CEO Elon Musk escalates his war of words with Trump's trade adviser as tariffs spark backlash amid Tesla's declining stock value.
There’s One Thing Elon Musk Might Be Right About
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Axios
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Overview
Elon Musk has ramped up his public feud with Peter Navarro, Trump's trade adviser, labeling him a 'moron' and claiming his remarks on Tesla are 'demonstrably false.' This clash comes as Tesla shares fell for the fourth consecutive day, losing 22% over that period. Musk's criticism focused on Navarro's characterization of Tesla as merely a 'car assembler' due to its use of foreign parts. Navarro's defense of recently announced tariffs has spurred Musk's call for free trade, highlighting a significant rift within Trump's circle. White House Press Secretary Karoline Leavitt downplayed the feud, noting differing views on trade.
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Analysis
- Elon Musk publicly criticized Peter Navarro, asserting that Navarro is 'truly a moron' and is 'dumber than a sack of bricks,' demonstrating a complete disregard for Navarro's PhD in economics from Harvard and calling out his comments about Tesla being a 'car assembler.'
- The public feud between Musk and Navarro has escalated as Musk's comments come amidst a downturn in Tesla's stock, suggesting that business interests may be motivating his criticisms of trade policy.
- The White House acknowledges the differing views on trade between Musk and Navarro, with press secretary Karoline Leavitt stating that such public disagreements reflect a normal dynamic within the administration.
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BBC News·3M·FAQ
The main points of disagreement are over tariffs and trade policies. Musk advocates for free trade and criticizes tariffs, while Navarro supports tariffs as part of Trump's economic strategy. Additionally, there was a personal exchange regarding Tesla's manufacturing methods.
The White House has downplayed the significance of the spat, with Press Secretary Karoline Leavitt saying 'boys will be boys' and allowing the public sparring to continue.
The tariffs have led to a significant market sell-off and concerns about a potential recession. They are seen as a major tax hike rather than tax cuts, contrary to Navarro's claims.
History
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