Elon Musk, the CEO of Tesla, has expressed concerns regarding the recent decision by President Donald Trump to impose additional tariffs on U.S. imports of vehicles.

Musk stated that these tariffs will have a significant impact on Tesla's production costs.

In a post on his personal account on the social media platform X, which he also owns, Musk clarified that the increased tariffs would affect the prices of Tesla parts imported from overseas, noting that 'the impact on cost is not insignificant.' Trump's administration announced a 25% tariff on all vehicles and parts not manufactured in the United States, indicating that domestically produced vehicles would be exempt from these duties.

This tariff is set to take effect on April 2. During a press briefing at the White House, Trump emphasized the goal of the tariffs, stating, 'What we are going to do is impose a 25 percent tariff on all cars not made in the United States.

Those made in the United States will not face any tariffs.' The new tariffs aim to encourage domestic production and reduce reliance on foreign imports in the automotive industry.