According to the website - By Coincu
Tesla shares fell by 7.3% at the opening of the US market on July 1, 2025, following critical remarks from President Donald Trump about CEO Elon Musk.
The market's reaction to Trump's statements highlights concerns about potential changes in government support and Tesla's financial stability.
Tesla's stock drop of 7.3% amid political tensions
On the morning of July 1, 2025, Tesla shares plummeted by over 7%. This is the largest drop since June 5 amid public tension between President Donald Trump and CEO Elon Musk. The conflict revolves around subsidies for electric vehicles, which benefit Musk's businesses.
Immediate consequences include investor concerns regarding the stability of government contracts and tax incentives related to Tesla. Analysts suggest that without these subsidies, Tesla could face operational issues in maintaining production and growth forecasts.
"Elon could receive more subsidies than any other person in history, certainly, and without subsidies, Elon would probably have to close the shop and go back home to South Africa." - Donald Trump, President of the United States
Potential impact on Tesla's future and market forecasts
Did you know?
Shares in the electric vehicle sector have historically experienced volatility when government support became a political focus, as seen in previous disputes involving Tesla.
As of the latest update, Bitcoin (BTC) was valued at $106,658.90 with a market capitalization of $2.12 trillion, representing 64.82% market dominance according to CoinMarketCap. In the last 24 hours, the price of BTC decreased slightly by 0.96%, while it rose modestly by 1.42% over the past 7 days.
$BTC, $ETH, $SOL
#MarketRebound, #Cryptomarketnews
If you can't handle a large flow of news concerning cryptocurrencies and the world of finance, then perhaps you shouldn't be subscribed to this group (!) We gather news from more than a dozen information websites and publications into one news feed. Such an influx of information may not be manageable for everyone!!! 😉🙄
Often, news here falls on readers' heads one after another. Just a waterfall of news!!!
