$DOGE
a dramatic narrative unfolding around Elon Musk's alleged $2.5 billion investment in backing Donald Trump's rise, which hasn't quite paid off as Musk might have hoped. Let's break it down.
- *Tesla's struggles*: The company's stock has plummeted to around $250 per share, with sales also taking a hit. This could be attributed to various factors, including Trump's protectionist tariffs.
- *Tariffs impact*: Trump's tariffs were meant to boost American businesses but have instead caused significant losses for global players like Tesla. The company's international market value dropped by 32%, resulting in a staggering $600 billion loss.
- *Musk's gamble*: Musk's investment in Trump's rise might have been a calculated risk, but it appears to have backfired. The relationship between Musk and Trump seems strained, with Trump potentially turning on Musk.
Some possible reasons behind Tesla's struggles include
- *Market challenges*: Tesla's sales and stock performance have been affected by various market factors, including increased competition and regulatory changes.
- *Trump's policies*: The impact of Trump's tariffs on Tesla's global operations and market value cannot be ignored.
It's worth noting that Musk's wealth has previously soared following Trump's presidential victory, with Tesla shares surging 12%. However, the current situation seems to be a reversal of fortunes.
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