#TrumpVsMusk A rivalry between Donald Trump and Elon Musk emerged after the U.S. president threatened to cut government contracts with Musk-owned companies, including Tesla. This happened after Musk expressed his opinion on tax and political issues in the U.S.
*A Dispute*
- The public feud began when Trump threatened to cut government contracts with Tesla, led by Musk, in retaliation for Musk's opinions on tax issues.
- Musk, in turn, has been an outspoken critic of some of Trump’s government policies.
*Consequences*
- Tesla's shares fell 14% following Trump's statement, resulting in a loss of about $174.84788150 billion in market value.
- The Nasdaq index fell 0.8% and the S&P 500 dropped 0.5%.
- Financial analysts believe this dispute could affect the regulatory framework for Tesla and other tech companies in the coming years.¹ ²
*Impact on Markets*
- The dispute between Trump and Musk could generate volatility in financial markets and affect investor confidence.
- Some analysts believe that the rivalry may have negative consequences for Tesla's stock and other tech companies.
*Reactions*
- Some experts believe that the dispute is more a matter of ego and personality than a matter of politics or economics.
- Others believe that the dispute could have significant consequences for the companies involved and for the market as a whole.