Tesla shares drop on Musk, Trump Feud before the delivery operations

Timing The shares decreased by 7 % of the closing price on Friday, of $ 323.63 To close $ 300.71 on Tuesday before the delivery report in the second quarter of the company.

The Wall Street analysts expect that Tesla will report deliveries about 387,000 – a decrease of 13 % compared to deliveries about 444,000 per year, according to the consensus of the FactSet collected. On Tuesday, the prediction market told the Kalshi CNBC that its merchants expect to deliver about 364,000.

The shares in the electric car maker were rising after began to be limited to Tesla Robotaxi service In Austin, Texas, in late June, Elon Musk boasted the first CEO.Driver delivery“From a car to a customer there.

The stock price took a turn after Musa, on Saturday, returned a dispute with President Donald Trump on the one beautiful bill, a draft the huge spending law approved by the Supreme Commander. The bill is now heading Final vote At home.

This legislation will benefit high -income families in the United States while cutting spending on programs such as Medicaid and food assistance.

Musk did not object to the cuts in those specific programs. but, The musk said on x The bill will exacerbate the deficit in the United States and raise the roof of debt. The draft law includes tax cuts that will add about 3 trillion dollars to national debt over the next decade, according to an analysis conducted by the Congress Budget Office.

Tesla CEO has also criticized the invoice aspects that will reduce hundreds of billions of dollars to support the development of renewable energy in the United States and get rid of tax credits for electric cars.

Such changes may harm Tesla as EV sales are expected to reduce about 100,000 cars annually by 2035, according to Thought tank innovation energy.

The draft law is also expected to reduce the development of renewable energy by more than 350 Gigawatts in that same time period, according to energy innovation. This can be pressed on the Energy Department in Tesla, which sells solar and battery energy storage systems to facilities and other clean energy project developers.

Trump told the White House correspondents on Tuesday that Musk was “annoyed that he was losing the state of EV, but the CEO of technology might” might lose more than that. “Trump was alluding to support, incentives and contracts on which many Musk companies relied on.

Spacex has received more than $ 22 billion in working with the federal government since 2008, according to Fedscout, who has been spending federal and government contract research. This includes contracts from NASA, the American Air Force and the Space Force, among other things.

Tesla has reported the sales of “Automotive Approvals 11.8 billion dollars”, or environmental credits, since 2015, according to the evaluation of EV Maker’s financial deposits written by Geoff Orasem, CEO of Fedscout.

These incentives are largely derived from federal and state regulations in the United States that require car manufacturers to sell some of the number of low -emissions or purchase of credits from companies such as Tesla, which often have a surplus.

Organizational credit sales are transmitted directly to the final result in Tesla. Credit revenues amounted to about 60 % of Tesla’s net income in the second quarter of 2024.

He watches: SPACEX & Tesla threats