Elon Musk's Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump's trade war could make it a target for retaliatory tariffs against the U.S.

Tesla told the Trump administration that its ongoing tariff war could make it more expensive for the electric car company to build vehicles in the U.S. “Trade actions should not (and need not) conflict with objectives to further increase and support domestic manufacturing,

The brother of Tesla CEO Elon Musk has been selling Tesla stock. Kimbal Musk has been offloading shares in recent months, just as Tesla stock has made a massive retreat from all-time highs that put the stock, however briefly, among the select group of trillion-dollar companies.

Trump told reporters he would write a check for the car, which retails for roughly $80,000, and leave it at the White House so his staff can drive it. The president also said he hopes his purchase will boost Tesla,

Markets are losing faith in Trump's administration amid escalating trade wars and government cost-cutting that might be doing more harm than good.