Tesla Market Value Drops $152 Billion Amid Musk-Trump Feud
Tesla Market Value Drops $152 Billion Amid Musk-Trump Feud

Tesla Market Value Drops $152 Billion Amid Musk-Trump Feud

News summary

Tesla Inc. experienced a significant market capitalization loss exceeding $150 billion following a public feud between CEO Elon Musk and President Donald Trump over the "Big Beautiful Bill." Despite the sharp stock decline, analysts including Tom Lee of Fundstrat Capital and Dan Ives of Wedbush Securities maintain a bullish long-term outlook on Tesla, highlighting its leadership in electric vehicle design, upcoming robotaxi launch, and advances in autonomous driving technology. Ives emphasized that the feud, described as a "Twilight Zone" moment, is viewed as an overreaction by the market and does not alter expectations for federal regulatory support of autonomous vehicles under President Trump. Jim Cramer also noted Tesla's resilience, attributing the stock's strength to Musk's initiatives beyond car sales, particularly self-driving technology, and anticipated federal involvement in expanding autonomous vehicle infrastructure. Signs of a potential reconciliation between Musk and Trump have emerged, which could further stabilize Tesla's outlook. Overall, despite short-term volatility driven by the Musk-Trump discord, industry experts agree Tesla's competitive advantages and regulatory prospects underpin continued confidence in the company's future.

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Last Updated
30 days ago
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