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Elon Musk’s feud with President Trump dries $ 152 billion in Tesla market titles

The Forge Bulletin - Business - June 7, 2025
Elon Musk's feud with President Trump dries $ 152 billion in Tesla market titles
The Forge Bulletin
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It only wanted us A few hours to cancel $ 152 billion in value from Teslamarket capitalization and over $ 100 million value from Trumping.

Tea End of the bromance between Elon Musk and President Donald Trump It has been prepared for weeks, but on Thursday the break has become nuclear. Musk went to the platform he owns, X, For “One Big Beautiful Bill” by Lambast Trump, which includes provisions that limit immigration, they limit subsidies for green energy and it is estimated that the United States deficit of $ 2.4 trillion is increased. Trump reported on Truth Social, the platform he owns, to say that Musk is against the bill only because he would take away the tax credits for electric vehicles that the Musk company, Tesla, benefits. He quickly donated in dozens of posts, most Musk, who said TRUMP is in the epstein files“What is, he says, because they have been made public.

Tesla’s stock fell about 14 percent at the time of writing, which It is the greatest success of a day to its market capitalization For years. Trump’s cryptographic currency is down almost 10 pierce.

This is a high risk divorce for all the subjects involved. Trump said he would interrup the subsidies and government contracts of Musk, who help Rake in billions of dollars For companies such as Tesla and Spacex. In exchange, Musk published Which would have decreed the Space Space vehicle of Spacex, which is used by NASA to transport goods and astronauts to the international space station, “undertaken”. Steve Bannon, an ally of Trump and Musk’s vocal critic, said The New York Times that “is advising to the president to cancel all Musk contracts and to launch different investigations”.

“They should begin a formal investigation on its immigration status because the strong belief of being an illegal alien and should be expelled from the country,” said Bannon. Was shown That Musk may have lied on his forms of visa, which probably would have made illegal for him to work in the United States in the 90s.

The Tesla series fall comes in a delicate time for the electric vehicle producer. This month, the company should debut with its long -awaited (e Very delayed) Robotaxi service In Austin, Texas. Musk said that investors should think of Tesla as a technology company for robotic and autonomous vehicles rather than an electric car manufacturer that affects its ambitions of self -driving technology and humanoid, rather than new car models, at the center of it now market capitalization of $ 916 billion. Bloomberg reported That the company has been targeted internally next week for a launch. Moss repeatedly stated That his artificial intelligence company, Xai, would also have released a new model, although the launch was delayed.

Tesla’s Last quarterly resultsPublished in April, they were the worst in years when production, deliveries and sales have decreased,, In particular in Europe. The company was He reduced his ambitions to produce a more convenient electric vehicleNixing plans to use new and advanced production techniques. Musk attempted to appease the concerned investors by announcing that he would leave his so -called department of the government’s efficiency (doge) and return to his companies, including Tesla, mostly full -time.

Musk denied Thursday that his face to face on Trump has something to do with subsidies for electric vehicles. Musk has maintained sincere, he joined the Trump campaign that does not need Tesla Dues Federal tax creditsWhich can reach $ 7,500 for why, to sell its vehicles. But in a post X, Musk betrayed the first Cassapche of annoyance for the EV policy of Trump. “Keep the cuts to the EV/Solar incentives in the account, even if oil and gas subsidies are not touched (very unjust !!), but abandon the mountain of disgusting pig in the account”, he “, he” he wrote.

Sale February, thousands of demonstrators who oppose the policy of Musk and Trump – always from their climatic positions to doge actions – gathered outside the Tesla showrooms and service centers all over the world. What has started as a basic movement now has a central organization and a name: Tesla’s Takedown. Thursday afternoon, the organizers published in three words Stément: “Sell, sell, sell.”

TAGS: #Donald Trump#Electric vehicles#Elon Musk#Politics#Spacex#Tesla
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