Electric vehicles manufacturer’s shares dropped sharply on Thursday when investors feared that his dispute with President Donald Trump would hurt the company.
Tesla threw herself by more than 14%, because the budget of the US president has become ugly. After Musk said that Trump was not elected without help, Trump indicated that he could turn the federal government against his companies, including Tesla and SpaceX.
“The easiest way to save money in our budget, billions and billions of dollars is to terminate Elon’s government subsidies and contracts,” Trump wrote about his social services right in social services. “I was always surprised that Biden didn’t do it!”
The decline on Thursday deleted nearly $ 150 billion from the market value of Tesla and partially reversed large traffic in eight weeks because Musk confirmed that Tesla will test autonomous “robotaxi” without a driver in Austin in Texas.
Investors are afraid that Trump does not have to be in such a hurry to mention the future of cars in the US in the US, and this could kill Tesla, because so much of his future business cares so much.
“It is afraid that Trump will not play Mr. Nice Guy when she comes autonomous,” said analyst Wedbush Securities Dan Ives. “The whole goal of robotax is to leave them next year 20 or 25 cities. If you start to increase the regulatory environment, it could delay this way.”
Trump’s threat to reducing government contracts seems to be more focused on another of Muska’s business, SpaceX, its privately held missile company, which received billions of dollars for sending astronauts and the cargo at the International Space Station, providing on the market and doing further NASA work. The company is currently racing for the development of a mega missile for a space agency that sent astronauts to the Moon next year.
It seems that the subsidiary SPACEX, the satellite internet company Starlink, also benefited from Muskov’s once approaching relationship with the President.
On a trip with Trump to the Middle East last month, Musk announced that Saudi Arabia approved its satellite service for aviation and naval use. Although it is not clear how much politics played a role, many other recent stores for the company in Bangladesh, Pakistan, India and elsewhere came when Trump threatened tariffs and sent diplomats to try to please the President.
SPACEX success: Private bike of funding followed by private stock sales, which recently allegedly appreciated $ 350 billion, which is $ 210 billion a year ago. Tesla shares initially received an elevator from the support of Trump.
In weeks after Trump was elected, Tesla’s shares rose and hit historically the highest maximum of 17 December. However, these profits returned during Musk as the head of the government group for reducing costs because the reputation of Tesla hit.
Recently, they reappeared higher after Musk has committed himself to focusing much more on Tesla and his upcoming start of taxis without a driver.
(tagstotranslate) Tesla Stock Decline (T) Tesla Stock Falls
