Skip to main content

Posts

Showing posts from July, 2025

Tesla Shares Skid as Trump-Musk Feud Escalates and EV Demand Falters

Tesla ( TSLA ) stock plunged Tuesday, shedding more than 7% in early trading amid an escalating political confrontation between CEO Elon Musk and President Donald Trump.  The feud, fueled by threats to eliminate electric vehicle (EV) subsidies and scrutinize federal support for Musk’s companies, is deepening investor unease at a time when Tesla is already grappling with weakening global demand and heightened competition. White House Threats Rattle Investors The latest selloff was triggered by President Trump’s scathing remarks on social media and in press appearances, calling into question the billions in government subsidies received by Tesla and other Musk-led ventures like SpaceX. Trump floated the idea of having the Department of Government Efficiency (DOGE)—a group Musk previously helped lead—investigate federal support granted to Musk’s firms, stating: “DOGE is the monster that might have to go back and eat Elon.” These public threats have injected fresh political risk into ...