This drama is wilder than a Hollywood blockbuster. Elon Musk placed a $2.5 billion bet on Trump—thinking getting cozy with political power would be a genius move. But now? Total backfire.
Trump’s Tariffs Hit Tesla Where It Hurts
Musk’s gamble is costing him big. Trump’s latest round of tariffs was supposed to shield American manufacturers, but Tesla is bleeding. The electric vehicle giant has seen its global market cap plunge by 32%, erasing over $600 billion in value.
And here's the twist—Trump’s team isn’t coming to the rescue. The administration may have pocketed some short-term savings, but it’s nothing compared to Musk’s multi-billion-dollar wipeout. Seems like political alliances in crypto and markets are riskier than ever.
$TRUMP 10.77 -1.10%
The market is watching closely—and reacting fast.
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