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Tesla evaporates 152 billion USD, Bitcoin reaches nearly 100,000 USD in the Musk vs Trump drama!
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Tesla's stock plummeted 14% on June 5, 2025, losing 152 billion USD in market capitalization, now at 916 billion USD.
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The cause? The fierce battle between Elon Musk and Donald Trump!
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What happened?
Trump threatens to cut contracts with Tesla & SpaceX after Musk called Trump's spending bill a "disgusting debt."
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This bill imposes a 250 USD/year tax on electric vehicles, threatening Tesla's profits.
Musk retaliated on X: "Without me, Trump would have lost the election!" and called for a new party.
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Bitcoin skyrockets near 100,000 USD!
Supportive sentiment for crypto from Trump and Musk's warnings about the 35 trillion USD national debt pushed Bitcoin to surge. Musk even predicts Bitcoin could replace USD as the world's reserve currency!
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Tesla struggles
Sales dropped 13% in Q1/2025, reputation weakened in Europe due to Musk's political controversies. Robotaxi in Austin is also facing difficulties.
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Who will win, Musk or Trump?
From best friends to rivals, this drama is shaking the market! Who do you support? Comment now!
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