India, March 14 -- US 'First Buddy' Elon Musk's Tesla has flagged concerns that President Donald Trump's policy concerning reciprocal tariffs may hit the world's largest automobile company by market capitalisation, Financial Times reported.

In an unsigned letter to US Trade Representative Jamieson Greer cited in the FT report, Tesla said that it "supports" fair trade but warned that US exporters were "exposed to disproportionate impacts when other countries respond to US trade actions".

The company said that it might become the target of retailiatory tariffs imposed by other countries in response to US' tariffs, which might eventually make production in US costlier.

"For example, past trade actions by the United States have resulted in...