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Tesla loses $152 billion in market cap after Musk-Trump spat, biggest hit ever
- Tesla's shares dropped more than 8% on Thursday, falling to around $304.50 amid Elon Musk's public criticism of President Trump's budget bill.
- The decline followed Musk attacking Trump's policy bill as 'massive' and 'pork-filled' and Trump's response accusing Musk of Trump derangement syndrome.
- This spat occurred as Tesla faces a 45% sales drop in the U.K. despite overall industry growth, and ongoing investigations into Tesla's Autopilot linked to fatal crashes.
- Trump acknowledged their past close ties but said, "I don't know if we will anymore," while Musk urged Congress to kill the bill he called a "disgusting abomination."
- Thursday's stock loss marks Tesla's largest since April 4 and reflects risks from policy changes threatening EV subsidies and Musk's strained political relationships.
169 Articles
169 Articles
Elon Musk has a strategy for Tesla to remount. In the last time, the manufacturer of electric cars has suffered heavy losses in its sales volume. Vehicles and dealerships of the brand have been set on fire in different parts of the world, where several boycotts have been registered. Part of this context has to do with Elon Musk’s immersion in Donald Trump’s political management. His stance caused several users to glimpse him as a political enemy…
The US electric car manufacturer is in a sales crisis. Elon Musk's cooperation with Donald Trump is damaging the company's image.
Why Tesla Stock Plunged Today
It's an interesting time to be a Tesla (NASDAQ: TSLA) shareholder. CEO Elon Musk has stepped away from his leadership role in President Trump's Department of Government Efficiency (DOGE) cost-cutting effort. The timing was presumably good, as Tesla is preparing to launch its robo
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lakelandgazette.infoMusk’s tantrum, what is he capable of doing?
by Dr. Glenn Mollette Elon Musk ‘s wealth mainly comes from his ownership stakes in two companies: 1. Tesla – around 37% of his wealth is from Tesla stock, although it was as high as 75% in 2020. 2. SpaceX – valued contracts include a $20 billion deal with the United States federal government. He also earned money from selling PayPal to eBay for $1.5 billion in stock, receiving $175.8 million personally. His net worth is estimated to be arou…
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