US EditionTesla Plummets 14% In Stock’s 11th-Worst Day Ever As Musk’s Feud With Trump Escalates
- Tesla shares plunged more than 14% on Thursday, closing at $284.70 in the stock's 11th-worst trading day since its 2010 public debut.
- The decline occurred amid escalating tensions and public exchanges over the GOP budget bill involving Elon Musk and then-President Donald Trump.
- Musk called the budget bill an 'abomination,' while Trump expressed he was 'very disappointed,' and Trump threatened to cut SpaceX government contracts.
- Tesla lost about $150 billion in value amid investor sell-offs, and analyst Dan Ives warned the feud raises concerns over Tesla’s future performance.
- This conflict contributed to Tesla’s sharp stock decline and tighter investor sentiment, creating uncertainty around Musk’s leadership and Tesla’s long-term outlook.
35 Articles
35 Articles
(Buenos Aires = Yonhap News) Correspondent Kim Seon-jeong = The conflict between U.S. President Donald Trump and Tesla CEO Elon Musk shows no signs of being resolved...
MyCentralOregon.com
What does the Trump-Musk feud mean for Tesla stock? Experts weigh in.
Jeff Bottari/Zuffa LLC (NEW YORK) — A feud between President Donald Trump and Tesla CEO Elon Musk hammered shares of the electric carmaker on Thursday, before a lull in the acrimony on Friday prompted a recovery of some losses. Still, as of midday Friday, shares had dropped nearly 10%, wiping out tens of billions of dollars in company value. The falling out between Trump and Musk raises serious concern for Tesla, threatening crucial regulatory a…
The Trump-Musk feud could be one of the catalysts for a coming 10% stock correction, former JPMorgan strategist says
ANGELA WEISS/AFP via Getty ImagesMarko Kolanovic predicts a stock market pullback could be in the cards.Kolanovic thinks Tesla's decline on the Trump-Musk feud could be among the catalysts that spark a decline. Other problems he sees for the market include high valuations and economic uncertainty. Former JPMorgan chief market strategist Marko Kolanovic sees a stock market pullback in the cards, and the Trump-Musk feud could be one of the trigger…
Elon Musk's net worth plummets by $34B amid escalating feud with President Trump
Tesla CEO Elon Musk’s net worth plunged by $34 billion during his and President Donald Trump’s verbal rift on Thursday. The significant drop brought his net worth down to $334.5 billion late on Thursday, according to Bloomberg, which tracks the personal fortunes of the world’s richest people through its Bloomberg Billionaires Index. It marked the second-biggest drop that Bloomberg has ever seen with its index.Musk’s net worth comes from his stak…
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