tradingkey.logo

Tesla hits over three-week low as Trump-Musk feud escalates

ReutersJul 2, 2025 12:45 AM

** Tesla TSLA.O shares fall to a more than three-week low, last down ~6%

** 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

** Musk's businesses, especially Tesla and SpaceX, are highly dependant on an array of federal contracts and subsidies that offers co billions of dollars in revenue

** 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 June sales rose in Norway and Spain, while dropped for a sixth straight month in Sweden and Denmark

** TSLA down ~25.5% YTD

Reviewed byJane Zhang
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI