Reported 1 day ago
In a sudden escalation of their rivalry, President Donald Trump has threatened to sever government contracts with Elon Musk's companies, leading to a significant drop in Tesla's stock, which fell by 14.3%, translating to a loss of $150 billion in market value. The conflict has heightened concerns among investors regarding the potential fallout for Tesla under the Trump Administration, amidst fears of changing regulatory environments. While some analysts believe the feud may not have lasting effects on the broader market, Tesla's weakening stock performance reflects the growing uncertainty surrounding the relationship between these two influential figures.
Source: YAHOO