Tesla stock collapses after Trump says Dodge should look at Elon Musk subsidies

Shares Tesla Pressure on Tuesday after President Donald Trump said in a late night on social media that the federal government should consider subsidies for Elon Musk companies.

“Elon can get more subsidies than any person in history, of course, and without subsidies, ILO probably must close the store and return home to South Africa. The missile, satellites, or electric cars are no longer launching, and our country would save wealth. Maybe we would have to do to make it good, it’s hard to look! pillar said.

“Dozh” refers to the so -called government efficiency department, which was headed by Trump’s administration before leaving the government’s role in late mine

Tesla shares decreased by more than 5%on Tuesday. Some other Moscow businesses, including SpaceX and Starlink, are largely dependent on public policy.

It seems Trump repeats his idea to reduce subsidies by talking to journalists on Tuesday morning.

“He is upset that he loses his mandate on EV … But he can lose much more, I can tell you. Elon can lose much more,” Trump said.

Musk, which was campaigning with Trump in 2024, publicly criticized taxes and costs, breaking through the congress. The bill appears to have reduced state support for green energy and electric cars, while increasing the forecast deficit compared to the current law.

On the Social Media X, Musk answers On the screenshot of Trump’s message with “I literally say it all. Now”.

Criticism Musk before the expenses of the administration turned out to hostility Between two billionaires in early June, which led to the sale of Tesla shares. Then tension cooled down, and Tesla’s shares have bounced more than 11% since June 5.

However, the CEO of Tesla again began criticism with the tax bill, and also aimed at the Republican Party. Monday Musk said on X that’s the time for A new political party It actually cares about people. “