Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Elon Musk reacts during the press commemoration with US President Donald Trump (not in the photo), in the White House in Washington, Colombia County, May 30, 2025.
Nathan Howard | Reuters
Shares Tesla Thursday fell 14% as president Donald Trump threatened to pull the government contracts For the CEO Elon MuskCompanies that outgrow war words over costs on account.
The move reduced the cost of EV 152 billion, which is the biggest hit on the market capitalization, putting it below $ 1 trillion and settled on Thursday by $ 916 billion.
“Elon was” wore lean “, I asked him to leave, I took his mandate that made everyone buy the electric cars that no one else wanted (so he knew what I would do!) And he just went Fierce– Trump wrote further The truth is social.
Trump spoke out of the Oval Office earlier on Thursday and stated that Musk was upset that EV loans were not included in the bill.
“We had a great relationship with Elon. I don’t know if we will be anymore,” Trump said in an oval office on Thursday. “I was surprised.”
“Whatever“Musk shot back as the president said.
“Without me Trump would have lost electionThe Dems will control the House, and the Republicans will be 51-49 in the Senate, “he said on X.
Musk, the richest person in the world, has in recent days threatened to make legislators who vote for the main elections of the bill, and called the bill “disgusting abomination“Noting a significant shift in their comments about the administration.
The fall of the stock occurs after the EV manufacturer saw 22% of the stock in May, despite the weak sales, and Musk completed its time as head of the so -called Trump’s government efficiency or DOGE.
This week the shares decreased by almost 18%when Musk continued to read against the budget bill. This year, the shares decreased by almost 30%, and with a maximum of $ 48,54 reached December 18.
Ever since the term of the special government officer Musk ended on Friday, he diverged from Trump administration and went to a full assault on the presidential signature A tax reduction bill.
“One of Elon’s things is when he enters, he goes,” said Walter Isaaxon, the author of the musk biography, said CNBC on Thursday.
“He is a person who is not quite calibrated in these things, and he is seriously upset,” Isaaxon said.
Musk, which also rules SpaceX and XAI, posted a stream of attacks on the Trump bill on the X Wednesday.
NBC NEWS reports that Musk tried to persuade Trump and other GOP administration members to change aspects of the law Tax benefitsthat brings profits to Tesla.
The measure will also impose a new annual $ 250 fee on EV drivers.
1-year Tesla stock schedule.
Tesla faces more fundamental problems with By reducing the sale its electric vehicles in the major markets of Europe and the brand’s reputation in the West is declining.
This month Tesla is also under pressure to run a long delay that doesn’t work on drivers in AustinTexas.
Musk said Tesla checks vehicles without drivers in this market, but its main competitor Waymo is already working there a major commercial robotic service in partnership with Uber.
Isaaxon said on Thursday that Musk was also angry with Trump administration members who worked against nomination Jared Isaacman as the head of the NASA space agency.
“It is to make Musk, just angry because they did, they followed Jared Isaacman … To get to Musk,” Isaaxon said on Thursday.
Isaacman’s allocation was stretched over the weekend.
Isaacman headed two private space lighting through SpaceX Musk, in 2021 and 2024, commanded crews on land trips. His SHIFT4 payment technology said she had invested $ 27.5 million in SpaceX as of June 30, 2021.
