Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

JUST IN: Bondi Files Formal Complaint Against Judge Boasberg For Shocking Public Comments Admitting Bias Against Trump Administration

July 29, 2025

Lunatic Leftists Blast Sydney Sweeney’s American Eagle Jeans Ad as ‘Nazi Propaganda’

July 29, 2025

Judge Indira Talwani Expands Order, Mandates Medicaid Funding for All Planned Parenthood Clinics

July 29, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Tuesday, July 29
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»Business»Tesla Stock Drops 14% As Trump-Musk Relationship Appears To Unravel
Business

Tesla Stock Drops 14% As Trump-Musk Relationship Appears To Unravel

Press RoomBy Press RoomJune 6, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Topline

Shares of Tesla dropped by more than 14% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to “Trump derangement syndrome.”

Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” … More and “pork-filled.”

AFP via Getty Images

Key Facts

Tesla’s stock fell 14.2% to $284.70 as trading closed Thursday, with losses accelerating following Trump’s comment.

It’s the 11th-worst single trading day for Tesla since the company went public in 2010, according to FactSet, even though the stock recovered some of its losses toward the end of the day, after being down more than 17% at times Thursday afternoon.

Through more than a dozen posts on X since Tuesday, Musk has referred to Trump’s policy bill as “massive, outrageous” and “pork-filled,” while adding, “shame on those who voted for it: you know you did wrong.”

Musk’s latest criticism of the bill Thursday targeted Trump for the first time, as Musk wrote “wise words” in response to a tweet from Trump in 2013, in which Trump said, “I cannot believe the Republicans are extending the debt ceiling—I am a Republican & I am embarrassed!”

Trump responded to Musk’s recent attacks, suggesting Thursday he and Musk “had a great relationship,” but “I don’t know if we will anymore.”

Crucial Quote

“The quickly deteriorating friendship and now ‘major beef’ between Musk and Trump is jaw dropping and a shock to the market, putting major fear for Tesla investors on what is ahead,” Wedbush analyst Dan Ives explained in a note to clients.

Big Number

$25.5 billion. That’s how much was cut from Musk’s fortune amid Tesla’s stock slide, bringing his net worth down to $389 billion, according to Forbes’ estimates.

Contra

Tesla’s stock jumped 22% in May, which came as Musk said he would leave the White House and committed to serving as Tesla’s chief executive for the next five years.

What To Watch For

Trump has called on Republican senators to approve his policy bill by a July 4 deadline set by Senate leadership.

Surprising Fact

A stock slide for Tesla also comes as sales for the automaker declined in the U.K., Germany, Italy and China in May. Tesla’s sales dropped more than 45% in the U.K., despite sales across the industry increasing by 28%.

Tangent

Tesla will launch a robotaxi service in Austin, Texas, in June, featuring some 20 self-driving Model Y vehicles. The service’s debut in Austin follows criticism about Tesla’s self-driving software and Musk’s failure to disclose detailed safety and technical data about Tesla’s technology. The National Highway Traffic Safety Administration has opened several investigations into Tesla’s Autopilot feature over nearly a decade, including recent probes into whether Tesla’s Full-Self Driving software is linked to two deaths. Musk has repeatedly said the software allows for “full autonomy” while in a vehicle, though he has said an active driver is still required.

Key Background

Musk’s attacks on Trump’s policy bill follow his monthslong stint in the White House leading the Department of Government Efficiency. Trump and Musk have said Musk’s departure happened on good terms, and that Musk would continue to be present as a Trump adviser. White House press secretary Karoline Leavitt said Trump “already knows” Musk’s stance on his bill, saying “it doesn’t change the president’s opinion.” Tesla’s stock declined in recent months as Musk appeared to increasingly focus on his role with the Trump administration, with some analysts criticizing him for spending “110%” of his time as head of the DOGE rather than leading Tesla. After Tesla’s first-quarter earnings report in April, Musk signaled he would be “allocating far more of my time” to Tesla, though he had yet to commit to exiting his government role.

Further Reading

Forbes‘KILL The BILL’: Musk Deepens Rant Against Trump’s Signature Policy LegislationBy Sara DornForbesElon Musk’s Net Worth Dips Below $400 Billion As Trump Quarrel Erases $17 BillionBy Derek Saul

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

Business

Trump’s tariffs to cost German car giants over €10bn – study

July 28, 2025
Business

Trump’s tariffs to cost global economy $2 trn – Bloomberg

July 28, 2025
Business

Trump backs down on tech export restrictions to China – FT

July 28, 2025
Business

Russia crosses ruble foreign trade threshold

July 25, 2025
Business

US-made Taiwanese microchips cost up to 20% higher – leading buyer

July 25, 2025
Business

EU’s Russian diesel ban forcing prices up – industry boss

July 25, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Lunatic Leftists Blast Sydney Sweeney’s American Eagle Jeans Ad as ‘Nazi Propaganda’

July 29, 2025

Judge Indira Talwani Expands Order, Mandates Medicaid Funding for All Planned Parenthood Clinics

July 29, 2025

Ivy League in ‘survival mode’ – US university president

July 29, 2025

CNN’s Harry Enten Admits Americans Don’t Trust Democrats on Foreign Policy (VIDEO)

July 29, 2025
Latest News

Thailand and Cambodia Agree to Ceasefire in Bloody Border Dispute After Trump Intervention

July 28, 2025

Breitbart Business Digest: The EU Trade Deal Is the Dawn of a New Era for Global Trade

July 28, 2025

Trump on Hamas Stealing Humanitarian Aid: ‘We Have to Get the Kids Fed’

July 28, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

JUST IN: Bondi Files Formal Complaint Against Judge Boasberg For Shocking Public Comments Admitting Bias Against Trump Administration

July 29, 2025

Lunatic Leftists Blast Sydney Sweeney’s American Eagle Jeans Ad as ‘Nazi Propaganda’

July 29, 2025

Judge Indira Talwani Expands Order, Mandates Medicaid Funding for All Planned Parenthood Clinics

July 29, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.