{"id":146767,"date":"2025-06-06T04:14:40","date_gmt":"2025-06-06T04:14:40","guid":{"rendered":"https:\/\/teknomers.com\/en\/tesla-the-primary-collateral-damage-of-the-trump-musk-clash-plunges-in-the-stock-market\/"},"modified":"2025-06-06T04:14:42","modified_gmt":"2025-06-06T04:14:42","slug":"tesla-the-primary-collateral-damage-of-the-trump-musk-clash-plunges-in-the-stock-market","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/tesla-the-primary-collateral-damage-of-the-trump-musk-clash-plunges-in-the-stock-market\/","title":{"rendered":"Tesla, the primary collateral damage of the Trump-Musk clash, plunges in the stock market."},"content":{"rendered":"\n
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Maison Blanche<\/p>\n

Photo montrant Donald Trump et Elon Musk devant un cybertruck Tesla \u00e0 la Maison Blanche le 11 mars 2025.<\/p>\n<\/p><\/div>\n

In an unexpected turn of events, the once-strong alliance between \u00a0Donald Trump\u00a0 and \u00a0Elon Musk\u00a0 has taken a dramatic plunge. On June 5, 2025, Tesla’s stock took a significant hit as tensions escalated between the former President and the tech mogul. This incident serves as a reminder of how \u00a0political tensions\u00a0 can radically impact stock market performance.<\/p>\n

Primarily, it was reported that Tesla\u2019s shares dropped by 14.26%, closing at \u00a0$284.70\u00a0. This loss wiped out about \u00a0$150 billion\u00a0 from Tesla’s market capitalization, pushing the company’s value below the critical threshold of \u00a0$1 trillion\u00a0. This downturn is significant, especially for a company that has been at the forefront of the electric vehicle industry.<\/p>\n

The decline in Tesla’s stock had a ripple effect on the \u00a0New York Stock Exchange\u00a0, resulting in a general decline in the market. The \u00a0Dow Jones\u00a0 index fell by 0.25%, the \u00a0Nasdaq\u00a0 dropped 0.83%, and the \u00a0S&P 500\u00a0 experienced a decline of 0.53% during the same trading session. These numbers underscore the weight that prominent tech companies like Tesla carry within the \u00a0financial markets\u00a0.<\/p>\n

Trump’s Target on Musk<\/em><\/h2>\n

The breakdown in their relationship surfaced during a press briefing where Trump expressed his \u00a0disappointment\u00a0 with Musk’s criticisms regarding a significant \u00a0budget bill\u00a0 he was advocating for. Trump stated that one of the easiest ways to save billions in taxpayer money would be to “cancel government contracts and subsidies” related to Musk’s ventures, including Tesla and SpaceX. This statement sent waves through the business community and beyond.<\/p>\n

In response, Musk took to his social media platform, X, to dismiss Trump’s claims as “nonsense” and labeled the former President’s assertions as \u201c\u00a0false\u00a0.\u201d Adding fuel to the fire, Musk remarked that Trump\u2019s anger was primarily driven by losing \u00a0subsidies\u00a0 for electric vehicles, further underlining the deep fissures within their relationship.<\/p>\n

Moreover, Musk emphasized that he funded Trump\u2019s campaign in 2024, arguing that without his financial support, Trump would have likely lost the election. This admission highlights Musk’s significant role in Trump\u2019s political sphere, raising questions about the influence of business interests on political outcomes.<\/p>\n

Market Shockwaves<\/em><\/h2>\n

This political fallout between Musk and Trump could have more extensive ramifications for both Tesla and Musk’s broader business empire. As reported by \u00a0Reuters\u00a0, the conflict might complicate Tesla’s operational dynamics, especially in navigating regulations set by the \u00a0U.S. Department of Transportation\u00a0. The department governs crucial aspects, such as vehicle design standards and the production of \u00a0autonomous robotaxis\u00a0, areas crucial for Tesla\u2019s future growth.<\/p>\n

Industry experts have suggested that Musk’s political maneuvers have led to volatility in Tesla’s stock price in recent months, alienating potential buyers, particularly those aligned with \u00a0Democratic\u00a0 views. “Elon’s politics continue to negatively impact the stock,” remarked \u00a0Dennis Dick\u00a0, a Tesla shareholder and Chief Strategist at \u00a0Stock Trader Network\u00a0, highlighting the divide that seems to be growing among consumers.<\/p>\n

Additionally, \u00a0Daniel Ives\u00a0 of \u00a0Wedbush Securities\u00a0 pointed out that the deterioration of Musk’s once-close relationship with Trump marks a shocking twist for investors, raising fears over Tesla’s future stability. The ongoing conflict has undoubtedly made both fans and investors apprehensive about the potential for negative implications on Tesla’s market performance.<\/p>\n

As both parties continue their public battle, the consequences are likely to shape not only their futures but also the broader landscape of American politics and its entwinement with corporate influence.<\/p>\n<\/div>\n


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General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maison Blanche Photo montrant Donald Trump et Elon Musk devant un cybertruck Tesla \u00e0 la Maison Blanche le 11 mars 2025. In an unexpected turn of events, the once-strong alliance between \u00a0Donald Trump\u00a0 and \u00a0Elon Musk\u00a0 has taken a dramatic plunge. On June 5, 2025, Tesla’s stock took a significant hit as tensions escalated between […]<\/p>\n","protected":false},"author":1,"featured_media":146768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[],"class_list":["post-146767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/146767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=146767"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/146767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/146768"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=146767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=146767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=146767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}