Tesla's Stock Price Plummets Amid Renewed Tensions Between Elon Musk and Donald Trump
Tuesday, 1 July 2025, 14:58
Tesla Stock Price Declines Due to Musk-Trump Tensions
Tesla shares fell sharply on Tuesday, with CEO Elon Musk and former President Donald Trump reigniting their feud over the ambitious Republican spending bill aimed at stimulating the economy.
Impact on Stock Price
- The stock price of Tesla dropped by $18.98, representing a 6% decline, bringing it down to $298.50 in morning trading.
- Investors are reacting to the uncertainty generated by the public spat between Musk and Trump.
Background on the Feud
This latest conflict began when Musk criticized Trump publicly, referring to the inconsistencies in their positions on economic policies. The Trump administration has faced critiques regarding its handling of various fiscal challenges.
Market Reactions
- Analysts suggest that Tesla's stock may continue to experience volatility due to external political factors.
- Investors are advised to pay close attention to future developments as this situation progresses.
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