Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • Stock market today: Nifty50 opens in green; BSE Sensex up over 200 points
    • Markets watch: Asian stocks slip; oil steady ahead of OPEC+ meet
    • Top stocks to buy today: Stock recommendations for July 2, 2025 – check list
    • Government allows cab aggregators to hike peak-hour surge prices
    • Air India Boeing 787 crash: What brought down AI 171 plane in Ahmedabad? Simulation puts focus on technical failure
    • IndiGo direct flights to UK: Airline makes long-haul debut on Mumbai–Manchester route; check schedule
    • IPO watch: Hero Motors refiles IPO papers with Rs 1,200 crore issue, ups fresh component to Rs 800 crore
    • Who is Kesavan Ramachandran? RBI elevates internal veteran to executive director, to oversee prudential regulation
    • India-US trade deal: Talks enter sixth day as Donald Trump’s tariff deadline looms; top things India is pushing for amidst hectic negotiations
    • Infosys vs Cognizant fight gets uglier! Why are the two big IT firms battling it out in the US? Explained
    Buzz NewsBuzz News
    Wednesday, July 2
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Tesla stock price crash wipes out $150 billion! Investors dump Elon Musk’s company as clash with Donald Trump escalates; fear US President won’t be a ‘nice guy’
    Investment Tips

    Tesla stock price crash wipes out $150 billion! Investors dump Elon Musk’s company as clash with Donald Trump escalates; fear US President won’t be a ‘nice guy’

    BuzzNewsBy BuzzNewsJune 6, 2025No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Tesla stock price crash wipes out 0 billion! Investors dump Elon Musk’s company as clash with Donald Trump escalates; fear US President won’t be a ‘nice guy’
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    Tesla stock price crash wipes out $150 billion! Investors dump Elon Musk’s company as clash with Donald Trump escalates; fear US President won’t be a ‘nice guy’
    Investor confidence appears shaken, resulting in substantial paper losses for Musk’s personal Tesla shareholding, dropping $20 billion in a single day. (AI image)

    Tesla share price crash: Elon Musk and Donald Trump’s escalating spat has wiped out a whopping $150 billion from Tesla’s market cap. Tesla’s share price crashed over 14% as shareholders hastily sold their positions during an escalating verbal dispute between the US President Donald Trump and the Tesla CEO Elon Musk, who is currently the wealthiest individual globally. The day’s trading concluded with Tesla’s market value reduced by $150 billion, an amount that exceeds the total market capitalisation of Starbucks and several other major US-listed corporations!Following Donald Trump’s election, investors poured vast sums into Tesla shares, prioritising political considerations over financial performance.The consequences of this strategy became evident on Thursday when within three hours, the situation took a dramatic turn!

    What’s gone wrong between Musk & Trump?

    The conflict originated from discussions about the president’s budget legislation before intensifying rapidly. Following Musk’s assertion regarding his role in Trump’s electoral victory, Trump suggested potential governmental actions against Musk’s enterprises, including Tesla and SpaceX.Trump expressed his views on Truth Social, stating: “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!”Also Read | ‘Electric cars that nobody else wanted…’: Donald Trump’s shocking words on Elon Musk; says Biden should have terminated Musk’s subsidies

    Tesla share price crash: Where’s the stock headed?

    Tesla share price crash on Thursday partly offset a significant increase that occurred during the eight-week period after Musk announced Tesla’s plans to launch an autonomous, driverless “robotaxi” service in Austin, Texas, this month.The market participants are concerned that Trump’s potential stance might slow down the advancement of autonomous vehicles in the United States, which could adversely affect Tesla. The company’s current electric vehicle business faces challenges, making it crucial for them to swiftly transition into the era of driverless vehicles.“The whole goal of robotaxis is to have them in 20 or 25 cities next year,” said Wedbush Securities analyst Dan Ives, a prominent Tesla supporter who now expresses concern. “If you start to heighten the regulatory environment, that could delay that path,” Ives said according to an Associated Press report.He further stated, “There is a fear that Trump is not going to play Mr. Nice Guy.”The situation appears precarious now. Initially, Tesla’s stock benefited substantially from Musk’s association with Trump.Following the November presidential election, investor enthusiasm drove Tesla’s market value up by over $450 billion within weeks. Investors anticipated substantial gains from reduced regulatory oversight under Trump’s administration and were optimistic about Musk’s autonomous vehicle initiatives for American roads.The shares peaked on December 17, but subsequently declined when Musk’s leadership of a government efficiency committee sparked boycotts and damaged Tesla’s image. The stock has recently rebounded after Musk announced his renewed focus on Tesla and its forthcoming autonomous taxi service.Currently, investor confidence appears shaken, resulting in substantial paper losses for Musk’s personal Tesla shareholding, dropping $20 billion in a single day.

    SpaceX in trouble?

    The potential reduction in government contracts appears to majorly affect SpaceX rather than Tesla. SpaceX, a private space enterprise, has secured substantial NASA funding for International Space Station missions, including astronaut transport, cargo delivery, and various space operations. The company is currently developing a large-scale rocket for NASA’s upcoming lunar mission scheduled for next year.Starlink, operating as a SpaceX division specialising in satellite internet services, has seemingly profited from Musk’s previous cordial relationship with Trump.During his Middle Eastern visit with Trump last month, Musk revealed Saudi Arabia’s approval for Starlink’s aviation and maritime operations. Although the influence of political factors remains uncertain, recent agreements in Bangladesh, Pakistan, India and other nations have emerged amid Trump’s tariff warnings and diplomatic pressures.SpaceX’s recent achievements are reflected in its valuation, which reached $350 billion through private financing and share sales, marking a significant increase from $210 billion in the previous year.

    Billion clash company Crash Donald dump Elon escalates fear guy investors Musks nice President price Stock Tesla Trump wipes Wont
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article‘Quick commerce market to triple to Rs 1.7L crore in 2 yrs’
    Next Article Top stocks to buy or sell today: Stock recommendation for June 6
    BuzzNews
    • Website

    Related Posts

    Stock market today: Nifty50 opens in green; BSE Sensex up over 200 points

    July 2, 2025

    Markets watch: Asian stocks slip; oil steady ahead of OPEC+ meet

    July 2, 2025

    Top stocks to buy today: Stock recommendations for July 2, 2025 – check list

    July 2, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    Stock market today: Nifty50 opens in green; BSE Sensex up over 200 points

    July 2, 2025

    Markets watch: Asian stocks slip; oil steady ahead of OPEC+ meet

    July 2, 2025

    Top stocks to buy today: Stock recommendations for July 2, 2025 – check list

    July 2, 2025

    Government allows cab aggregators to hike peak-hour surge prices

    July 2, 2025

    Air India Boeing 787 crash: What brought down AI 171 plane in Ahmedabad? Simulation puts focus on technical failure

    July 2, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    Stock market today: Nifty50 opens in green; BSE Sensex up over 200 points

    July 2, 2025

    Markets watch: Asian stocks slip; oil steady ahead of OPEC+ meet

    July 2, 2025

    Top stocks to buy today: Stock recommendations for July 2, 2025 – check list

    July 2, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.