Elon Musk, who was once Trump's biggest supporter, has now become one of his biggest critics. Musk is publicly criticizing Trump and Trump has also publicly retaliated. Trump has threatened to stop government contracts to Tesla and SpaceX. Due to this Musk is likely to suffer huge losses. Also, after clashing with Trump, the shares of Musk's company Tesla have fallen drastically. According to media reports, due to the fall in Tesla's shares, Elon Musk has suffered a loss of about $ 380 billion (about Rs 32 lakh crore) since January.
Tesla's market capitalization decreased by 29 percent.
Tesla's market capitalization has decreased by 29 percent and this year Tesla has been the worst performer among large-cap stocks. At the beginning of the year 2025, Tesla was the eighth largest company in the whole world, now it has come to 10th place. As the head of the Department of Government Efficiency in the Trump administration, Musk cut a large number of federal government expenses. During this time, a large number of people were fired from their jobs. Musk also had to face opposition to this and people in America vandalized Tesla and Tesla showrooms. Tesla also suffered a lot due to this.
Tesla shares fell 14 percent in a day.
After the tussle with Trump, Tesla's shares fell by 14 percent on June 6. Due to which the company has lost $ 150 billion in a day. This is one of the biggest losses suffered by any company in a day. Musk's troubles are still not over because Trump has threatened to end the government contracts of Musk's companies Tesla and SpaceX in a post shared on social media.
What is the reason for the tussle between Trump and Musk?
The reason for the tussle between Trump and Musk is regarding the tax bill being brought by the Trump administration. Musk is opposing this bill. Whereas Trump says that the purpose of this bill is to cut taxes, increase the defense budget and strengthen border security. However, the compulsion of electric vehicles has been abolished in this bill. Along with this, the $7500 discount on buying an EV has also been abolished. It is believed that Musk may object to these provisions.
Anupam Kher, who has ruled Hindi cinema for the last four decades, is now not only an actor but a
Given the ongoing war between Israel and Iran, the Government of India has started Operation Sind
The past day was no less than a nightmare for comedian Kapil Sharma. A man suddenly opened fire o
Covid-19: Discussion on two variants of Corona NIMBUS and STRATUS, has a new variant arrived again?
For more than a month now, the outbreak of coronavirus has been seen in many countries of the wor
Amid the war with Israel, Iran has asked its citizens to uninstall WhatsApp. Iranian state televi
A new revelation has been made in the case of the murder of a level female tennis player, Radhika
The night of June 27 brought bad news for Bollywood and TV industry. 'Kaanta Laga Girl' Shefali J
Why is the new sub-variant of COVID-19 NB.1.8.1 in the news? WHO is also keeping an eye on it
The new sub-variant of COVID-19, NB.1.8.1, is in the news these days. It is believed that it can
Social activist Snehmayi Krishna has demanded an FIR against Chief Minister Siddaramaiah, Deputy
Board of Control for Cricket in India (BCCI) Vice President Rajiv Shukla may become the acting pr