#TrumpVsMusk #TrumpVsMusk #TrumpVsMusk
Tensions between Elon Musk and US President Donald Trump have escalated significantly in recent days, raising concerns among investors and financial markets.
🔥 Background of the dispute:
- *The "One Big Beautiful Bill"*: Trump introduced a bill that includes tax cuts and increases in defense spending and immigration, which drew Musk's criticism.
- *Musk's Criticism*: Musk described the bill as "madness" and threatened to form a new political party called "America Party" if the law is passed [1].
- *Trump's Response*: Trump hinted at the possibility of deporting Musk and withdrawing government support for his companies, even though Musk is a naturalized American citizen [2].
📉 Impact on markets:
- *Tesla Stock*: It dropped by 5.5% in early trading due to political tensions [3].
- *Market Value*: Tesla's market value declined by $152 billion within a few hours [4].
- *Investor Confidence*: The threats to withdraw government support negatively affected investor confidence in Musk's companies like Tesla and SpaceX.
🧠 Summary:
The conflict between Musk and Trump reflects a deep political and economic divide and could lead to changes in the American political landscape, especially with Musk's threat to form a new party.
