$TRUMP Let's break down the drama unfolding between Elon Musk and Donald Trump.
# The Fallout
- *Elon Musk's Losses*: Musk lost a staggering $45.3 billion, marking the biggest personal wealth drop of the year, according to Forbes. This significant loss is largely attributed to Tesla's stock plummeting 31% due to declining sales in Europe and China.
- *Tesla's Struggles*: Tesla's stock price has been under pressure, with some analysts attributing the decline to Musk's involvement in the Trump administration, straining US-Europe relations. Others point to investors cashing out after Tesla's massive gains last year.
- *Trump's Shift*: Trump reportedly cut ties with Musk, stating "I like Elon, but I donāt really need him." This move signals a potential strategic pivot or political distancing between the two.
# Market Impact
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$TRUMP Token*: The
$TRUMP token dropped 9% following a $20 million sell-off to exchanges, adding to the market volatility.
- *Tesla's Future*: With Elon Musk's empire wobbling, the future of tech and politics is becoming increasingly uncertain.
# What's Next?
- *Power Shift*: It's unclear who will come out stronger in 2025, but Trump's solo move could potentially give him an edge.
- *Tesla's Recovery*: Tesla's stock price will likely depend on the company's ability to adapt to shifting driver preferences and expand its full self-driving technology.
Current Tesla stock price stands at $276.22, with a price-to-earnings ratio of 139.08. The market capitalization is $885.67 billion ¹.
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