Musk-Trump conflict, Tesla’s stock price plummet … Trump “Musk crazy”

-

(Photo = Shutterstock)

Illon Musk accused President Donalf Trump in succession after his resignation from the federal government last week. Trump said, “I’m crazy.”

In response to CNBC, President Donald Trump said that Musk was offended on the plan to withdraw the electrical vehicle (EV) subsidies on the fifth (local time).

Trump said throughout the White House speech on the day, “I had an excellent relationship with Illon. I do not know whether it is in the longer term.”

“Illon was drained and I told him to go away, and he withdrew his EV mandatory forcing all the electrical cars that nobody wanted (he knew it for just a few months), and he just went crazy.”

(Photo = Trus Social, Donald J. Trump)
(Photo = Trus Social, Donald J. Trump)

Tesla’s share price fell 14% and market cap declined $ 15.2 billion in someday. That is the most important blow ever.

Musk accused the Trump government’s recent tax and expenditure bill on X (Twitter) the day before that it was an “disgusting and disgusting laws to extend the deficit.”

The White House spokesman said, “The president already knows Illon Musk’s position on the bill. The president’s opinion doesn’t change.”

He then responded on to President Trump’s remarks. “If I hadn’t been there, Trump would have lost within the election, and the Democratic Party would take control of the House of Representatives and the Republican would have won 51 to 49 seats within the Senate.”

As well as, Musk’s CEO is offended, although Trump withdraws the nomination of Jaede Eye Men last weekend as the pinnacle of the US Aerospace Country (NASA).

Iphamman has experienced a two -time spaceship in 2021 and 2024 through SpaceX. His payment technology company, Shift 4, invested $ 27.5 million in SpaceX in 2021.

As such, Musk’s executive participation within the administration is just not helpful to Tesla.

The stock price, which was climbed shortly after President Trump’s election, has been on an enormous decline for the reason that starting of this 12 months. As well as, a lot of the stock prices, which had soared last week that the Musk CEO was leaving the administration, also escaped. Within the meantime, the corporate has been scuffling with poor performance.

By Dae -jun Lim, reporter ydj@aitimes.com

ASK ANA

What are your thoughts on this topic?
Let us know in the comments below.

0 0 votes
Article Rating
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Share this article

Recent posts

0
Would love your thoughts, please comment.x
()
x