Elon Musk’s Feud With President Trump Wipes $152 Billion Off Tesla’s Market Cap

It took it only A few hours for a $ 152 billion scanning of the market value in Tesla and more than $ 100 million in the value of Trumpcoin.

The end of the bromine between Elon Musk and President Donald Trump was brewing for weeks, but on Thursday it became separation from nuclear weapons. Musk moved to the platform it owns, X, to Lambast Trump, “One Beautiful Bill”, which includes provisions that restrict immigration, limits green energy subsidies, and is estimated to increase deficit in the United States by $ 2.4 trillion. Trump has returned to the social truth, the platform he owns, to say that Musk opposes the bill only because it will take away the electric vehicle tax credits that Musk, Tesla. Soon I moved to dozens of publications, most of them from Musk, who claimed that Trump is in the Epstein files – and this, as he claims, why they were not announced.

Tesla’s share decreased by approximately 14 percent at the time of writing this report, which is the largest one -day blow to the maximum market for years. Trump’s encryption currency has decreased by nearly 10 percent.

This is a high risk divorce for all concerned. Trump has claimed that he would finish government musk subsidies and contracts, which help in obtaining billions of dollars for companies such as Tesla and Spacex. On the other hand, Musk published that it would stop the Dragon’s Dragon, which NASA uses to transport goods and astronauts to the International Space Station, “immediately.” Steve Bannon, Trump’s ally and Moscow’s voice critic, told the New York Times that “the president advises to cancel all Musak contracts and launch many investigations.”

“They must start an official investigation of his position in immigration because I am strongly believing that he is an illegal foreign, and it must be deported from the country immediately.” It has been reported that Musk may have lied to a visa forms, which are likely to make it illegal to work in the United States in the nineties.

The decrease in Tesla shares is accurately for the electric car maker. This month, the company is scheduled to appear in the long -awaited Robotaxi service (and is very affected) in Austin, Texas. Musk said that investors should think of Tesla as a company for robotics and car technology instead of the electric car industry company-where its self-driving technical ambitions and human robots have caused, instead of new car models, in its center now with a value of $ 916 billion per market. Bloomberg stated that the company targeted internally next week to launch it. Musk has repeatedly claimed that the artificial intelligence company, Xai, will soon release a new model, although the launch is delayed.

The latest quarterly results in Tesla, published in April, were the worst in years, as production, delivery and sales decreased, especially in Europe. The company has reduced its ambitions to produce a more affordable electric car, and plans to use new and advanced manufacturing technologies. Musk tried to weaken investors who worry by announcing the departure of the so -called government efficiency management (DOGE) and returning to his companies, including Tesla, most of them full -time.

On Thursday, Musk denied that his face around Trump had to do with electric vehicle benefits. Since joining the Trump campaign until Tesla did not need federal tax credits, which could reach $ 7,500 per car, to sell its cars. But in X Publishing, Musk betrayed the first ink of discomfort with Trump’s EV policy. “Keep EV/solar energy discounts in the draft law, although there is no oil and gas benefits (very unfair !!), but getting rid of disgusting pork mountain in the bill,” he wrote.

Since February, thousands of demonstrators who oppose the policies of Musk and Trump – everything from their climatic positions have been collected to Doug’s behavior – outside the showrooms and service centers around the world. What started as a base at the base level has a central organization and name: Tesla Takedown. On Thursday afternoon, the organizers made a statement of three words: “Sale, sale, sale”.