Tesla’s shares stumbled after Trump says that Dog should look at Elon Musk subsidies

shares Timing They were subjected to pressure on Tuesday after the president Donald Trump He said in a social media post late at night that the federal government must discuss support for support Elon MuskCompanies.

“Elon may get more support than any person in history, to a large extent, and without subsidies, Elon may have to close the store and return to South Africa. Social truth mail He said.

“Doug” refers to the so -called Ministry of Governmental efficiency, which Musk led early from the Trump administration before leaving his governmental role. Late May

Tesla shares fell more than 5 % in the pre -market trade on Tuesday. Some other Musk projects, including Spacex and Starlink, depends greatly on government policy.

Trump seemed to repeat his idea of ​​breaking the subsidies when speaking to reporters on Tuesday morning.

“He is upset that he loses his mandate … but he can lose much more, I can tell you. Illon can lose more than that,” Trump said.

Musk, who carried out a campaign with Trump in 2024, publicly criticized the tax and spending bill on its way through Congress. The legislation appears to be due to reduce government support for green cars and electric cars with the expected federal deficit, for the current law.

On the social networking site x, musk Respond To a screenshot of Trump’s post with “I literally tell everything. Now.”

It seems that criticism of musk for administration spending plans is one of the reasons for General conflict Among the billionaires in early June, which led to the sale in Tesla shares. After that, the tensions seemed to cool, Tesla’s arrow more than 11 % since June 5.

However, the CEO of Tesla began criticizing the tax law again, and also aimed at the Republican Party. On Monday, Musk said on X that it “is time for A new political party This is in fact concerned with people. “