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Tesla Stock Plunges 5% as Trump-Musk Feud Escalates. Where It Goes Next

"Tesla investors ought to be at least a little concerned that things may get worse. The shares plunged 14% on June 5 when the Musk and Trump relationship spectacularly fell apart in an escalating war of words on social media.It took more than two weeks, and a de-escalation, for the shares to return to their pre-feud levels. At the time Trump also questioned the government subsidies received by Musk's companies.Wedbush analyst Dan Ives said their relationship had turned into a "soap opera that re

Tesla Stock Plunges 5% as Trump-Musk Feud Escalates. Where It Goes Next

# The three major U.S. stock indexes were mixed due to the decline in Tesla delivery data and the impact of Trump's remarks

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Deliveries in the first quarter were far lower than expected, and the stock price fell 2% subsequently. In addition, Trump posted accusing Musk of receiving too many government subsidies, causing Tesla's stock price to fall by more than 7% in night trading, falling below $300. Tesla's pre-market decline in U.S. stocks expanded to 6.2%. Trump considered expelling Musk and may end tax subsidies for electric vehicles early, triggering market concerns. Tesla's stock price fell sharply when the U.S. stock market opened, with a drop of 6%-7.3%, the largest one-day drop since June 5. On July 2, the three major U.S. stock indexes closed mixed. Tesla fell more than 5%, the Nasdaq fell 0.82%, the Dow rose 0.91%, and the S&P 500 fell 0.11%. Most large technology stocks closed lower, investors were optimistic about both buybacks and dividend payments, and U.S. bank stocks rose."}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>True businessman stays out of politics!!! 😎</p></body></html>","htmlText":"<html><head></head><body><p>True businessman stays out of politics!!! 😎</p></body></html>","text":"True businessman stays out of politics!!! 😎","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/452098044227888","repostId":2548300570,"repostType":4,"repost":{"id":"2548300570","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1751408400,"share":"https://ttm.financial/m/news/2548300570?lang=en_US&edition=fundamental","pubTime":"2025-07-02 06:20","market":"us","language":"en","title":"Tesla Stock Plunges 5% as Trump-Musk Feud Escalates. Where It Goes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2548300570","media":"Dow Jones","summary":"\"Tesla investors ought to be at least a little concerned that things may get worse. The shares plunged 14% on June 5 when the Musk and Trump relationship spectacularly fell apart in an escalating war of words on social media.It took more than two weeks, and a de-escalation, for the shares to return to their pre-feud levels. At the time Trump also questioned the government subsidies received by Musk's companies.Wedbush analyst Dan Ives said their relationship had turned into a \"soap opera that re","content":"<html><head></head><body><p>Tesla stock tumbled on Tuesday after President Donald Trump suggested DOGE, the government department driving efficiencies, review subsidies given to Elon Musk&#39;s companies as the pair reignited their public feud.</p><p>The electric-vehicle maker&#39;s shares closed lower 5.3% at $300.71 on Tuesday, after sliding 1.8% Monday, while S&amp;P 500 dipped 0.1%, Dow Jones Industrial Average rose 0.9%.</p><p>Musk ramped up his criticism of Trump&#39;s tax and spending bill Monday, calling it &#34;utterly insane and destructive.&#34; He also promised to launch a new political party if the bill passed, adding that those in Congress who vote for it will lose their primary next year &#34;if it&#39;s the last thing I do on this Earth.&#34;</p><p>The president hit back in a Truth Social post overnight, suggesting that the Department of Government Efficiency (DOGE) -- the department Musk helped run until the end of May -- should look into his companies&#39; government subsidies.</p><p>&#34;Elon may get more subsidy than any human being in history, by far,&#34; he said in a post on Truth Social. &#34;No more Rocket launches, Satellites, or Electric Car Production and our Country would save a FORTUNE,&#34; he added. &#34;Perhaps we should have DOGE take a good, hard, look at this?&#34;</p><p>Tesla investors ought to be at least a little concerned that things may get worse. The shares plunged 14% on June 5 when the Musk and Trump relationship spectacularly fell apart in an escalating war of words on social media.</p><p>It took more than two weeks, and a de-escalation, for the shares to return to their pre-feud levels. At the time Trump also questioned the government subsidies received by Musk&#39;s companies.</p><p>Wedbush analyst Dan Ives said their relationship had turned into a &#34;soap opera that remains an overhang on Tesla&#39;s stock,&#34; in a note early Tuesday.</p><p>&#34;We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI arms race going on between the U.S. and China,&#34; he added, maintaining an Outperform rating and a $500 price target on the stock.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Plunges 5% as Trump-Musk Feud Escalates. 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Where It Goes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-02 06:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla stock tumbled on Tuesday after President Donald Trump suggested DOGE, the government department driving efficiencies, review subsidies given to Elon Musk&#39;s companies as the pair reignited their public feud.</p><p>The electric-vehicle maker&#39;s shares closed lower 5.3% at $300.71 on Tuesday, after sliding 1.8% Monday, while S&amp;P 500 dipped 0.1%, Dow Jones Industrial Average rose 0.9%.</p><p>Musk ramped up his criticism of Trump&#39;s tax and spending bill Monday, calling it &#34;utterly insane and destructive.&#34; He also promised to launch a new political party if the bill passed, adding that those in Congress who vote for it will lose their primary next year &#34;if it&#39;s the last thing I do on this Earth.&#34;</p><p>The president hit back in a Truth Social post overnight, suggesting that the Department of Government Efficiency (DOGE) -- the department Musk helped run until the end of May -- should look into his companies&#39; government subsidies.</p><p>&#34;Elon may get more subsidy than any human being in history, by far,&#34; he said in a post on Truth Social. &#34;No more Rocket launches, Satellites, or Electric Car Production and our Country would save a FORTUNE,&#34; he added. &#34;Perhaps we should have DOGE take a good, hard, look at this?&#34;</p><p>Tesla investors ought to be at least a little concerned that things may get worse. The shares plunged 14% on June 5 when the Musk and Trump relationship spectacularly fell apart in an escalating war of words on social media.</p><p>It took more than two weeks, and a de-escalation, for the shares to return to their pre-feud levels. At the time Trump also questioned the government subsidies received by Musk&#39;s companies.</p><p>Wedbush analyst Dan Ives said their relationship had turned into a &#34;soap opera that remains an overhang on Tesla&#39;s stock,&#34; in a note early Tuesday.</p><p>&#34;We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI arms race going on between the U.S. and China,&#34; he added, maintaining an Outperform rating and a $500 price target on the stock.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4604":"机器人概念","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4543":"AI","BK4527":"明星科技股","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4511":"特斯拉概念","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4099":"汽车制造商","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4534":"瑞士信贷持仓","TSLA":"特斯拉","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0823414478.USD":"法巴经典能源转换基金","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4516":"特朗普概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","TSYW.SI":"TESLA 3xLongSG261006","TSLL":"2倍做多TSLA ETF-Direxion","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4550":"红杉资本持仓","BK4588":"碎股","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2548300570","content_text":"Tesla stock tumbled on Tuesday after President Donald Trump suggested DOGE, the government department driving efficiencies, review subsidies given to Elon Musk's companies as the pair reignited their public feud.The electric-vehicle maker's shares closed lower 5.3% at $300.71 on Tuesday, after sliding 1.8% Monday, while S&P 500 dipped 0.1%, Dow Jones Industrial Average rose 0.9%.Musk ramped up his criticism of Trump's tax and spending bill Monday, calling it \"utterly insane and destructive.\" He also promised to launch a new political party if the bill passed, adding that those in Congress who vote for it will lose their primary next year \"if it's the last thing I do on this Earth.\"The president hit back in a Truth Social post overnight, suggesting that the Department of Government Efficiency (DOGE) -- the department Musk helped run until the end of May -- should look into his companies' government subsidies.\"Elon may get more subsidy than any human being in history, by far,\" he said in a post on Truth Social. \"No more Rocket launches, Satellites, or Electric Car Production and our Country would save a FORTUNE,\" he added. \"Perhaps we should have DOGE take a good, hard, look at this?\"Tesla investors ought to be at least a little concerned that things may get worse. The shares plunged 14% on June 5 when the Musk and Trump relationship spectacularly fell apart in an escalating war of words on social media.It took more than two weeks, and a de-escalation, for the shares to return to their pre-feud levels. At the time Trump also questioned the government subsidies received by Musk's companies.Wedbush analyst Dan Ives said their relationship had turned into a \"soap opera that remains an overhang on Tesla's stock,\" in a note early Tuesday.\"We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI arms race going on between the U.S. and China,\" he added, maintaining an Outperform rating and a $500 price target on the stock.","news_type":1,"symbols_score_info":{"TSYW.SI":0.6,"TSLL":1,"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":1372,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":38,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}