What was once a cordial relationship between former President Donald Trump and Tesla CEO Elon Musk has now soured. The conflict centers around proposed changes to electric vehicle (EV) tax incentives, with Trump allegedly branding Musk a “grifter,” hinting that Musk’s objections are rooted in financial self-interest
🔥 The Dispute at a Glance
Trump’s Critique: Trump took aim at Musk for opposing the “One Big Beautiful Bill,” a sweeping legislative package that includes removing the $7,500 federal EV tax credit. Trump suggested Musk is primarily concerned about losing this financial benefit, accusing him of acting out of personal gain.
Musk Fires Back: Musk defended his stance, saying he wasn’t made aware of the bill’s details ahead of time. He criticized it for excessive government spending and lack of openness. Musk also pointed out his past support for Trump, implying he played a significant role in Trump’s political success.
📉 Tesla Shares Slide
Tesla’s stock price has seen a steep drop, declining by over 8304 points and slipping below crucial support levels. Analysts attribute the dip to several factors, including the high-profile spat between Musk and Trump, global demand uncertainty, and pressure from upcoming product launches.
🔍 Larger Consequences
This public clash highlights the challenges of balancing corporate goals with political interests. The potential repeal of EV tax credits has ignited a national conversation about the future of electric vehicles in America—one that could affect automakers, buyers, and environmental strategies alike.
Stay updated as this major showdown continues to unfold.
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