US EditionWatch These Tesla Price Levels as Investors Look Past Musk-Trump Feud
- Tesla's stock fell 8% in June amid investor concerns triggered by a public dispute involving Elon Musk and President Trump, raising worries about the potential removal of EV tax credits.
- The drop comes as Trump's proposed bill seeks to remove federal EV tax incentives worth $4,000 to $7,500, which currently make up about 52% of Tesla's profits.
- Last quarter, Tesla earned $595 million selling credits compared to a net income of $409 million while deliveries fell 32% quarter over quarter.
- JPMorgan analyst Ryan Brinkman warned the subsidy removal could slash Tesla’s earnings by over 50%, challenging its $1 trillion market cap and 166 times forward P/E ratio.
- Although the immediate effect may be negative, some experts suggest subsidy cuts might result in stronger long-term market share for Tesla amid heavy robotaxi investments.
15 Articles
15 Articles
Investors have been attentive to the behavior of Tesla's shares after Elon Musk led a public dispute with President Donald Trump.Despite the stir caused, Tesla has managed to recover most of the resulting losses, according to the original report.This recovery occurs at a time when the company's robotaxis service is expected to be launched, generating expectation in the market.Tesla's technical movementsIn technical terms, Tesla's advocates have …
Watch These Tesla Price Levels as Investors Look Past Musk-Trump Feud
Tesla shares have recovered the lion’s share of losses that followed Elon Musk's public feud with President Donald Trump, as investors await the automaker's upcoming robotaxi launch. Monitor these key support and resistance chart levels.
Tesla leads U.S. sales of EVs lower in April, marking the first annual drop in over a year
Sales of Tesla vehicles in the U.S. fell 16% in April, according to data from S&P Global Mobility cited by trade publication Automotive News. With a share of 40%, even the slightest weakness at Elon Musk’s company has a disproportionate effect in monthly EV sales. Musk meanwhile has dismissed concerns he has a demand problem on his hands. When Tesla sneezes, the entire U.S. electric vehicle market catches a cold. Elon Musk’s company led overall…
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