Trump-Elon Musk Debate: Tesla Stock Drops 10%
The debate between President Donald Trump and billionaire Elon Musk has attracted strong attention from the public and investors. This conflict began when Musk publicly criticized the Trump administration’s tax and spending policies, especially measures that are believed to be detrimental to the electric vehicle industry, of which Tesla is one of the prominent representatives.
In his speech, Musk said that President Trump’s tax measures will make it difficult for innovative and technological businesses, such as Tesla, which are trying to transform the auto industry to electrification and environmental protection. Musk also criticized the government for prioritizing investment in traditional industries over green initiatives, which made him worry about the future of companies developing sustainable technology.
President Trump immediately responded harshly. He vowed to cut off Tesla’s government contracts if Musk continued to criticize the administration’s policies. This threat attracted public attention, especially since Tesla is one of the companies that receives large contracts from government programs. Trump also accused Musk of not understanding the importance of reasonable tax policies for the economy.
Trump’s response sent Tesla’s stock plummeting. In just one trading day, the company’s stock lost nearly 10% of its value. This was a big shock to investors, as Tesla has been volatile in recent times, and a tense relationship with the administration could create long-term instability.
Despite this, Elon Musk has maintained his position in the electric vehicle and technology industry. Tesla is still a pioneer in the electric vehicle field and has made significant achievements in developing smart and environmentally friendly car models. However, the relationship with the government and the uncertainty surrounding tax policies could affect Tesla’s future growth and prospects.
This controversy not only reflects the conflict between two influential individuals, but also highlights disagreements over economic and environmental policy in the US. Investors and auto industry watchers will need to continue to pay attention to the next developments in this conflict, as the decisions in the coming period could reshape the direction of Tesla and the electric vehicle industry as a whole.