Tesla Shares Sink as Musk Breaks with Trump
Meanwhile, in a most unfortunate turn of events, shares of Tesla have sunk a staggering 7.2% as the feud between Elon Musk and President Trump reaches new heights 🚀. The tech CEO, never one to shy away from controversy, has announced the creation of the “America Party”, a new political party designed to take on the President and the Republicans 🎉.
The stated reason for Musk’s split with Trump is the recently passed budget bill, which has significantly expanded the U.S. deficit, undoing all of the savings made by Musk’s DOGE department 🐕. And to add insult to injury, Tesla’s shares have also been hurt by the loss of electric vehicle tax credits in Trump’s budget, making Teslas and other EVs more expensive for U.S. customers 🚗.
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2025-07-07 20:42