Trump-Musk Feud Triggers DJT and Tesla Stock Drops
Trump-Musk Clash Leads to Tesla's 14% Stock Decline
The public dispute between Donald Trump and Elon Musk led to a sharp 14% drop in Tesla's stock value. This downturn coincided with a 10% decline in Trump Media's shares following a major Bitcoin investment announcement.
Key figures involved include Donald J. Trump and Devin Nunes from Trump Media & Technology Group, and Elon Musk from Tesla. Trump Media's $2.5 billion Bitcoin allocation was pivotal to the financial upheaval.
Trump's Subsidy Comments Rattle Financial Markets
The stock market reacted swiftly to Trump's statements about cutting government subsidies for Musk's companies. This downturn reflects how political figures' comments can influence market dynamics, causing investor concern.
