Tesla Shares Drop Amid #TrumpVsMusk Feud 🚗💥

Tesla’s stock took a hit on Tuesday, falling 5.1% as tensions between Elon Musk and Donald Trump heated up. The spat centers around the subsidies Musk’s companies, including Tesla and SpaceX, receive from the government.

Trump recently called for a review of the billions in federal subsidies given to Musk’s ventures. This comes after Musk, a prominent Republican supporter, criticized the tax-and-spend bill recently passed by Congress. Musk has long been vocal about cutting government spending, even though he benefits from significant subsidies.

Trump’s Remarks 🔥

Trump blasted Musk in a Truth Social post, claiming Musk’s companies could not survive without federal assistance. The former President even suggested that without subsidies, Musk would “head back home to South Africa.” Trump also mocked the EV mandate, stating electric cars are fine, but no one should be forced to own one.

Tesla's Struggles 🚨

The drama is not the only issue plaguing Tesla. The company also reported its sixth consecutive sales decline in Sweden and Denmark. With international sales struggling and regulatory concerns increasing, Tesla’s future looks uncertain. Musk has taken over sales operations in Europe and the US, adding to investor anxiety.

Tesla’s robotaxi plans and $22 billion in federal contracts for SpaceX could face more scrutiny if tensions rise further.

Market Impact 📉

The US market saw Tesla shares dip further in pre-market trading, and analysts are concerned about regulatory hurdles. With Trump’s tax bill hanging in the balance and potential political fallout, investors are nervous.

Tesla’s stock is not the only concern for investors, as global sales and government scrutiny create a cloud over its growth. Stay tuned for more updates as the situation develops!

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