Three hours on Thursday (June 5) was all that investors required to go out, causing the shares of the electric car maker Timing To drop more than 14 %. The amazing centered occurrence like Elon Musk and Donald Trump She has online online criticizing the “beautiful draft law” of the president.
Associated Press reports That Tesla Investors threw property amid the war of bitter words between Trump and the richest man in the world. By the end of the trading day, 150 billion dollars disappeared from the value of Tesla. this More than it takes to buy all Starbucks and hundreds of other large American companies that are publicly traded. in Trading hours later, Tesla shares increased by 0.8 %.
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Things have become a real fat between Donald Trump and Elon Musk
As for the record, Deni and Elon strengthens the presidential budget bill. Musk has publicly summoned the bill, saying that it will drown in the United States to the debts of slavery that will obtain the United States in the recession sooner, not later. He was calling on Americans to contact their representatives to kill the bill. Trump ultimately applauded, saying that Elon was angry at not providing tax cuts to electric car makers. Things have become messy. Musk said that Trump will not be elected without his help. Trump indicated that he may turn the federal government against his companies, including Tesla and Spacex. He accused him of disturbing electric cars that do not get preference in the bill. In an interview with ABC News Friday, former President Bosce described “a man lost his opinion.”
“The easiest way to save money in our budget is billions of dollars and billions of dollars, which is to end the support and government contracts for Elon,” Trump wrote in the service of social correspondence. “I have always been surprised that Biden did not do it!”
While Elon warned of the economic collapse with the draft law, Trump has actually stood on the social truth. He claimed to be one of the “greatest bills”. The president also said that taxes would increase by 68 % if it does not pass, and things will be much worse.
Amid this, the musk has been fed the theories of conspiracy around Trump’s involvement with Jeffrey Epstein and his notorious files. Elon threatened to dismantle a Spacex missile that brought two American astronauts stuck in space. This threat walked again on Friday.
Good tip.
Well, we will not turn off the dragon.
Elon Musk (@elonmusk) June 6, 2025
Tesla below, but what does that mean?
After the presidential elections in November, investors rushed to Tesla shares, adding more than $ 450 billion to their value within a few weeks. The belief that the company would see great fortunes, as President Trump has reduced the organizational supervision of Tasla. Investors were also betting that the Trump administration would consider Musk’s plans for millions of cars without a driver on American roads.
Tesla’s shares reached its highest level on December 17, but they started to decline during the period of Elon Musk as President of Doug. During the administration of the Ministry of Governmental efficiency, its initiatives to reduce costs led to a boycott and a beating of Tesla’s reputation.
Also, the shares have partially decreased in part in the past eight weeks. Musk previously confirmed that Tesla will test the autonomous “Robotaxi” service in Austin, Texas, this month. As the president and the CEO strengthens, investors fear that Trump may not be in a hurry to pay for self -driving cars in the United States if that happens, Tesla will be hit. AP indicates that Tesla and Electric Cars are a struggling company, and it should be the pressure on cars without a driver now, not later.
These concerns of investors have been translated into large paper losses in Tesla shares, which are also owned by Musk. For each AP, 20 billion dollars decreased for today.
Oh, it seems that adding salt to the wound, President Trump plans, to all Fox News, to plan roads with Tesla that Musk presented to him in March. It is claimed that the White House is planning to give up or sell the car. Who will keep profits? This is still unclear.
Fox informed that Trump gets rid of Tesla, whom Musk gave him. pic.twitter.com/i2az0gmkky
– Ronfilipkowski) June 6, 2025
Other Elon Company, Spacex, is also at risk
Trump’s threat to cut off government contracts seems more targeted by other Musk companies, SpacexFrom his car company.
Illon’s missile missile company in Elon has won the ammunition with Trump in recent years. Spacex receives billions of dollars to send astronauts and goods to the International Space Station, provide launch operations, and do other actions in NASA. The company is currently racing to develop a huge spacecraft to send astronauts to the moon next year.
It seems that Spacex, the company, SPACEX, also benefited from the relationship of Musk, which was close to the president with the president. On a trip with Trump to the Middle East last month, Musk announced that Saudi Arabia had agreed to Starlink to fly and maritime use. Although it is not clear, at the present time, the amount of policy has played a role. Another scale for SPACEX success: a special financing round. In recent months, a special sales of shares is said to be estimated at 350 billion dollars, an increase of estimated at $ 210 billion a year ago. Now, all this may be in danger.
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The business author of AP Bernard Condon contributed to this report via AP NewsROOM.
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