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Tesla hits over three-week low after Trump-Musk feud, sales drop

ReutersJul 1, 2025 2:21 PM

Tesla TSLA.O shares slump to a more than three-week low, last down ~7%

U.S. President Donald Trump called for a review of government subsidies to Elon Musk's companies, aiming to cut spending, rekindling tensions between the two

On June 5, Trump-Musk feud exploded causing TSLA to slump 14.3%, losing about $150 billion in market value, its largest single-day decline in value ever

Meanwhile, co's sales declined for sixth straight month in Sweden and Denmark in June y/y

Denmark Tesla sales down 61.6%, Model Y sales slump 31.2% y/y; Sweden registrations fall 64.4%

However, Norway Tesla registrations surge 53.8% during the same period

TSLA down ~25.5% YTD

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