Tesla’s actions fell on Tuesday while Tesla CEO, Elon Musk and President Trump, renewed their dispute over the Massive Republican expenditure bill For a final vote in the Senate.
The equity rate of the electric vehicle company dropped $ 18.98, or 6%, to $ 298.50 in the morning.
Musk rekindled a quarrel with Mr. Trump Saturday by criticizing the “big and beautiful bill” again, that President Trump urges the congress to adopt on July 4. The founder and CEO of Tesla wrote on X that the bill “would destroy millions of jobs in America”. He too suggested On Monday, that, if the bill adopts, it would form a new political party and support the main challenges against all the Republicans who voted in favor of legislation.
President Trump Applause back early TuesdayNoting the enormous federal subsidies that the different musk companies receive from the government and suggest that the government’s ministry of efficiency – that Musk has previously led resign At the end of May – Find all the expenses flowing in the Musk Empire.
Despite the push, Wedbush Technology analyst Dan Ives expects the conflict between Musk and Mr. Trump to go out in the future. But for the moment, investors are worried about whether the Trump administration will be “more atrocist” and “show a meticulous exam around the US government expenses linked to Musk,” he said in a research note.
Musk first went bankrupt the tax expenditure invoice earlier This month, the appellant “full of pork” and a “disgusting abomination”. His criticisms have transformed into a public battle Between the world richest No one and Mr. Trump.
Tesla’s equity price fell by around 21% this year, sales of the company Tumbling in Europe And the involvement of Musk with the alienating Trump administration At least some customers In the United States, the company should publish its quarterly results on Wednesday.