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Musk, Tesla and Trump
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Tesla, Stock trader
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The electric pickup was supposed to create a halo effect for the brand, but the truck’s reputation has been tarnished by politics and production snafus.
1don MSN
"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.
For months, Tesla shareholders were tormented by Elon Musk’s role in the administration of President Donald Trump. But any relief brought by his formal government exit last week quickly turned to fear as the electric-vehicle maker’s chief executive traded barbs with his former boss.
Tesla can survive the loss of tax credits. But they risk making the EV pioneer look more like any other automaker—when the market values it as anything but. President T
Milan Kovac, the head of Tesla's Optimus humanoid robot program, announced his plans to step down in a post on X on Friday.
Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now financially struggling Tesla are arguing for its continuation.
Tesla investors are taking cover in the options market. The put-call ratio for Tesla options jumped to its highest level since late April, according to Cboe Global Markets. That indicates investors are flocking to bearish put options that would pay out if the stock falls,
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