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Tesla Stock Falls Amid Trump Deportation Threats Directed at Elon Musk
- Tesla reported a 71% drop in net income in the first quarter amid increasing tensions between Elon Musk and President Trump.
- The conflict intensified as Trump threatened to scrutinize Musk's business dealings, hinted at the possibility of deportation, and cautioned that the newly proposed Department of Government Efficiency might ultimately cause problems for Musk.
- Tesla shares tumbled nearly 6% in early trade while Musk threatened to form a new political party if a major budget bill passes.
- Trump said Musk 'can lose a lot more than that' and warned DOGE, created to cut bureaucracy, 'might come back and eat Elon,' while Musk dared Trump to 'cut it all.'
- This dispute pressured Tesla's stock and suggests potential political and regulatory challenges ahead for Musk's companies.
53 Articles
53 Articles
If someone devised a script for a film about Tesla they will have plenty of arguments to fill the entire feature film. And what happens with the company is a soap opera and it doesn’t lack an ingredient for an interesting plot. There are still bad times for Tesla that, apart from the fall of 13% of the sales from April to June this year, adds the confrontation of Elon Musk, his CEO, with Dondal Trump. And since there aren’t two without three, an…
Musk parece incapaz de soltar el megáfono político, aunque eso perjudique a Tesla
Análisis por Allison Morrow, CNN El plan de Elon Musk para salvar a Tesla está fracasando más rápido que un cohete de SpaceX. Se suponía que iba a ser así: Musk, convertido en un acólito de MAGA con motosierra, abandonaría el espectáculo secundario de Washington y volvería al negocio. Su imperio se tambaleaba sin él, y Tesla, en particular, estaba en picada. Los inversores clamaban por la vieja magia de Musk para reactivar las ventas y convertir…
CHRONIQUE. By threatening to launch a political party in order to lose Congress members ready to vote Trump's budget law in the mid-term elections, Elon Musk aroused the U.S. President, who is considering "the possibility" of expelling the billionaire. What to worry Wall Street, where Tesla's action has fallen by 5.3% on an increasing market, observes Isabelle Chaperon, economic journalist at the "World".
Wall Street analysts expect poor results, Musk has had another nasty falling out with Donald Trump, and the stock price has fallen.
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