US EditionGoodbye 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%, resulting in a loss of nearly $150 billion in market capitalization as investors reacted to selling pressures.
- The drop followed a bitter dispute over the president's budget bill that escalated into threats to cut government contracts targeting Musk's companies.
- Following Donald Trump's election in November, investors poured hundreds of billions of dollars into Tesla shares, anticipating that relaxed regulations would significantly enhance the company's profitability.
- Musk announced that Tesla plans to launch a fully self-driving taxi pilot in Austin, Texas this month, though investors worry that ongoing political conflicts may slow down the deployment of autonomous vehicles.
- The stock plunge reflects growing investor uncertainty about Musk's companies amid political tensions and highlights Tesla's dependence on advancing self-driving technology.
26 Articles
26 Articles
Investors bought hundreds of billions of dollars worth of Tesla stock after Donald Trump was elected, betting that politics were more important than profits. In three hours on Thursday, they learned once again how dangerous that bet could be. Shares in Elon Musk's electric vehicle manufacturer plummeted more than 14% in a disastrous fall, as investors divested their stakes amid an intense exchange of words between the president and the world's r…
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.
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.
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.
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