Elon Musk–Donald Trump Feud Sends Tesla Stock Tumbling
A public clash between Tesla CEO Elon Musk and former U.S. President Donald Trump has shaken investor confidence and triggered a sharp decline in Tesla’s stock price. According to BlockBeats, the dispute erupted after Musk criticized the Trump-backed "Big and Beautiful Act," claiming it would worsen the federal deficit and slash electric vehicle tax credits—measures that could significantly impact Tesla’s bottom line.
In response, Trump lashed out on social media, accusing Musk of having “gone mad,” while Musk fired back, claiming Trump would not have reached the presidency without his past support. The escalating war of words quickly spilled into financial markets, causing uncertainty around Tesla’s future and prompting a massive investor sell-off.
On June 5, Tesla’s stock plummeted more than 17% during intraday trading and ultimately closed down over 14%, wiping out more than $150 billion in market capitalization.
The market volatility caught the attention of users on BiyaPay, a trading platform that allows seamless conversion between USDT and USD and enables users to trade U.S. stocks—without needing offshore accounts. Many BiyaPay users took advantage of the drop by shorting Tesla shares, turning the crisis into an opportunity for profit.
This event underscores how platforms like BiyaPay can empower global investors to act quickly and strategically in response to political and market upheaval. With its user-friendly interface and strong liquidity support, BiyaPay continues to offer flexible investment options for those looking to navigate fast-moving financial landscapes.
