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Goodbye Mr. Nice Guy? Investors Dump Tesla on Bet Trump May Lash Out at ...

On June 6 in New York, Tesla’s stock dropped over 14% as tensions escalated between Elon Musk and President Donald Trump.
The drop stemmed from a disagreement over the president's budget bill that escalated as Trump threatened to terminate Musk's governmental subsidies and contracts.
Following Trump's election, investors poured over $450 billion into Tesla's stock, but a sharp decline later wiped out about $150 billion of the company's market value.
Musk personally lost about $20 billion that day while investors feared Trump might slow the adoption of self-driving cars critical to Tesla's future.
The turmoil suggests rising uncertainty around Tesla and Musk’s other businesses, as Trump implied he might turn the federal government against them.

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Neue Zürcher Zeitung

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Tesla Share: The Consequences of Trump and Musk's Dispute

The dispute between Donald Trump and Elon Musk destroys the hope of many investors that Musk's withdrawal from Washington would bring Tesla to rest – and is now targeting the president himself.

20 hours ago·Zürich, Switzerland

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HuffPost

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Investors Dump Tesla On Bet Trump May Lash Out At Musk Through His Car Company

Shares of Elon Musk’s electric vehicle maker fell sharply Thursday as investors fear his dispute with President Donald Trump could end up hurting the company.

23 hours ago·United States

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Latestly

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Tesla Share Price Drop: EV Company's Stock Falls Sharply as Elon Musk's Feud With US President Donald Trump Over GOP Tax Bill Spooks Investors

Shares of Elon Musk's electric vehicle maker fell sharply Thursday as investors feared his dispute with President Donald Trump will hurt the company. Tesla Share Price Drop: EV Company's Stock Falls Sharply as Elon Musk's Feud With US President Donald Trump Over GOP Tax Bill Spooks Investors.

24 hours ago

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Seattle Pi

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Goodbye Mr. Nice Guy? Investors dump Tesla on bet Trump may lash out at ...

1 day ago·Seattle, United States

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Novinky.cz

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Trump's Rift with Musk Sends Tesla Shares Plummeting

U.S. stocks fell in late trading on Thursday. Musk's Tesla carmaker fell sharply again after President Donald Trump's feud with billionaire Elon Musk escalated. Shares rose slightly during the day on news of progress in U.S.-China trade talks. The dollar weakened against the euro on the foreign exchange market.

1 day ago

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