Trump-Musk tension in Tesla shares: A drop of more than 15 percent!
The tax cut debate between US President Donald Trump and Tesla CEO Elon Musk has caused a significant decline in Tesla's share value.
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Tesla's shares have lost more than 15 percent of their value, falling below 272 dollars, amid tensions over a tax cut bill between US President Donald Trump and Elon Musk. This decline has seriously impacted Tesla's share price, which had previously been hovering at the 325 dollar level.
The source of the tension was Musk's harsh criticism of the tax cut bill being debated in Congress, following his recent departure from his advisory role for Trump. In a statement on social media, Musk described the bill, which Trump had labeled as 'A Great Beautiful Bill,' as a 'disgusting disgrace' and expressed his reaction with the words, 'Sorry, but I can't take this anymore.'
While these developments have negatively affected Tesla's market performance, they have also caused concern among investors. This disagreement between the two leaders continues to create uncertainty regarding Tesla's future financial outlook.