Tesla shares are drowned while Elon Musk restores hostility with Donald Trump

Tesla share more than 7 % fell on Tuesday, erasing billions in the market value of the electric car maker such as The rift between CEO Elon Musk and President Donald Trump Reigned.

Tesla shares decreased $ 22.78, or 7.17 %, to $ 294.88 per share from 9:40 am – a sharp decrease in the previous closing of $ 317.66.

The stock slice listed on the Nasdak Stock Exchange It follows a new round of attacks From Trump on the social truth platform, in which he threatened to prepare federal support for Musk companies, including Tesla and Spacex.

“Elon may get more than any person in history, largely, and without subsidies, Elon may have to close the store and return to South Africa,” Trump wrote early on Tuesday.

“No more missile launch operations, satellites, or electric cars production, and our country will save a fortune. Maybe we must take a good, difficult, look at this? The big money to save !!!”

Al -Wabel came a few hours after the Musk bombing of the Senate submitted to the Trump tax and spending bill, which includes provisions to reduce electric vehicle tax credits earlier than expected.

This step may cost Tesla of $ 1.2 billion of annual profits. In a post on X, Musk criticized the draft law as “completely crazy and destroyed (with) to the past industries with industries that are severely harmful in the future.”

Musk, who was previously headed by the unprecedented federal agency, has criticized Trump, Diwij-Ministry of Government-Performing and Repeated legislation, on the pretext that she breaks the promises of the campaign to cut off government spending.

“Anyone who carried out a promise to reduce spending, but he continues to vote on the largest ceiling increase in history in this poster next year,” and linking a photo created by Pinocchio called “LIRAR”.

Trump’s response came shortly after.

The president wrote: “Elon Musk long knew that a long time before me supported the president, to the extent that I was against EV’s authorization,” and the president wrote, indicating a deeper political division between billionaires.

The War of Word is a return to the tensions seen earlier in June, when a similar group on social media has wiped more than $ 150 billion in Tesla’s evaluation in one day-a clear indication that investors are uncomfortable with the political risks associated with the prominent Moscow terms.

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Dan Eve, a Wedbush analyst, warned on Tuesday that the ongoing drama was wearing with the shareholders.

“The strikes between Musk and Trump will continue with the budget rolling through Congress, but Tesla investors want Musk to focus on leading Tesla and stopping this political angle … which has turned into a life of its own on a journey of contradiction since the November elections.”

He added: “At the end of the day, Trump’s bad side will not explode well … Musk knows this and the investors want this back and forth.”

Add more pressure on the stocks, new data showed that Tesla sales in Sweden and Denmark fell in the sixth month in a row in June.

The company is scheduled to report global delivery operations for vehicles on Wednesday, as analysts expected a 11 % decrease on an annual basis.

The post sought a comment from Musk, Tesla and White House.