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07/08 13:00
Elon Musk’s feud with President Trump is no longer just political – it’s hitting the markets. With Tesla’s stock slipping and Bitcoin under pressure, the fallout is raising serious concerns for both traditional investors and the crypto crowd.
Where will this feud end up?
Since Musk publicly criticized Trump’s $5 trillion spending bill in June and launched his new political group, the America Party, Tesla shares have dropped 14%. On July 7 alone, they fell another 6.8%, wiping out $79 billion in value.
The bigger worry is what comes next. With Republicans now holding power across all three branches of the U.S. government, investors fear Tesla could lose its favorable treatment – especially government support for electric vehicles. SpaceX, which relies on $22 billion in federal contracts, could also face serious disruption
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