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President Donald Trump said he would place 25% tariffs on "all cars that are not made in the United States."

The measures, which coincide with an even broader push on levies, represent a major escalation in an already brewing global trade war.

Shares of Asia's automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country.

When asked by reporters whether the new tariffs would be good for Musk's autos business, Tesla, President Donald Trump said they may be "net neutral or they may be good."

Tesla shares slid on Wednesday, continuing their downward trajectory for the year, after a rally over the past few days.

Waymo One currently operates in San Francisco, Los Angeles, Silicon Valley and Phoenix, and is also driving in Austin and Atlanta.

FBI launches Tesla threats task force

Tesla showroom in Texas targeted with 'incendiary devices', police say

Hyundai is the latest major international conglomerate to announce investments ahead of Trump's April 2 tariff deadline.

In an all-hands livestreamed meeting on Thursday night, Tesla CEO Elon Musk commented on some of protests and instances of vandalism the company has faced.