Musk vs. Trump: Tesla share crashes by 14%after a bitter disagreement!
Musk vs. Trump: Tesla share crashes by 14%after a bitter disagreement!
Austin, Texas, USA - An open conflict between Elon Musk and Donald Trump has led to enormous pressure on the Tesla share. In the past few days, the stock has occurred by almost 18 percent and finally closed $ 284.70 with a loss of 14.26 percent. These drastic losses have led to Tesla's market capitalization has dropped by $ 152 billion within a few hours, as Vol.at
Trump has threatened to discontinue government funding and contracts for Tesla, which also tightens the situation. On his “Truth Social” platform, he criticized that President Biden had not already taken measures against Tesla. Musk reacted to these allegations with the accusation that Trump spreads "lies" and was ungrateful. The conflict is about a new expenditure law that Trump defends as part of his election campaign, while Musk criticized the savings as inadequate.
political tensions and financial consequences
The tensions between Musk and Trump escalated, especially through public criticism on social media. Trump accused Musk of being against his "One Big Beautiful Bill", which provides for cuts in green energy funding. Musk replied that Trump would not have the right to endanger his funding due to the connection to the Epstein files. Musk also made it clear that Tesla does not need any federal tax credits to sell vehicles, but this increased the distrust between the two.
according to Wired has led the uncertainty to a significant decline in price, which has been seen in Tesla's worst quarterly results for years. The decline in production, deliveries and sales, especially in Europe, increases the concerns of investors. In Germany, the number of newly registered Tesla vehicles fell by 59 percent compared to the previous year in January. Analysts attribute this to the increased competition from traditional automobile manufacturers and to outdated models.
Musk and his strategic decisions
To meet the challenges, Musk plans to fully concentrate on his companies and to reduce his role in the Department of Government Efficiency (Doge). Tesla is also faced with a change of direction by increasing the focus on robotics and autonomous driving instead of solely on electric vehicles.
The political activities of Musk seem to scare some environmentally conscious buyers. In the past, Musk had called for the election of the AfD right -wing party in Germany, which led to broad outrage. Despite the difficulties, Musk remains a crucial player in American economic life. His influence on investors and the hope of accelerated permits for autonomous vehicles are still unbroken, as well as the NZZ Fixed.
The current conflict and financial uncertainty ensure a critical moment in Tesla's history. The future of the company could depend heavily on the development of the relationship between Musk and Trump and influenced the reactions of investors on the changing market conditions.
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