- Elon Musk and Donald Trump criticize each other on social networks.
- Tsla collapses up to 17% on Thursday.
Tesla (Tsla) The actions face one of their worst negotiation sessions in a long time on Thursday. The shares closed above $ 332 on Wednesday, but at the time of writing this, at the last minute of the afternoon session, TSLA has negotiated below $ 274, suffering a mass sale of 17%.
The negative feeling has only grown as the public dispute of CEO Elon Musk with US president Donald Trump has worried the market.
Musk began the week criticizing Trump’s “great and beautiful bill” for increasing the US deficit, and now says he could challenge Republicans who support the president’s budget law. It seems that Musk, who only left the administration last week, is angry because Trump’s new budget bill does not include much of his cuts made through the Government Efficiency Department (Doge).
Musk gave an interview with David Pogue of CBS earlier this week in which he said that a budget could be “big or beautiful, but not both.”
Trump responded on Thursday saying that he threw Musk from his administration because the latter was furious for the end of subsidies for electric vehicles. Trump later added in the afternoon that Musk contracts could cancel with the government. The Musk Spacex company has important treatment with NASA, and Starlink also has several lucrative contracts with the government. The State Department paused an earlier 400 million contract with Tesla in February, and it is not clear if that contract is even on the table at this time.
Trump publications in Truth Social on Thursday, June 5, 2025
Tesla’s shares have fallen up to $ 273.21 in the prelude to Thursday’s close. By breaking below the single mobile average (SMA), the next Tesla support level would be $ 265.00, old resistance of $ 224.
The massive sale of Tesla has dragged Nasdaq Composite, which went from a moderate advance in the morning to a fall of up to 1% on Thursday afternoon.
TSLA Shares Diario Graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
