Tesla’s stock dropped significantly by 10% after a heated public altercation between Elon Musk and former US President Donald Trump. The conflict ignited when Musk harshly criticized Trump’s domestic policy bill, labeling it as “massive, outrageous,” and “pork-filled.” Musk also urged to “kill” the legislation, which provoked a strong reaction from Trump.
Trump responded by expressing his disappointment and suggesting that his former “great relationship” with Musk might be over. This tension was further fueled when Musk froze the remaining $100 million of his promised $300 million donation to Trump’s reelection campaign, intensifying the rift between the billionaire entrepreneur and the former president.
Impact on Tesla and Broader Political Context
The feud has had notable repercussions on Tesla’s market performance and investor confidence. Alongside this, Trump announced several significant political moves:
- New travel bans affecting 12 countries
- An investigation into President Joe Biden’s use of an autopen for signing documents
- Resumption of trade talks with China following a phone call between Trump and Chinese President Xi Jinping, aimed at addressing ongoing trade disputes
These developments highlight a volatile political and economic atmosphere in the United States. The clash between these two influential figures is impacting markets and policies, keeping the nation alert.
Stay tuned to Questiqa World News for continued updates on this evolving situation.
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