The president of the United States (USA) Donald Trump said in Truth Social on Thursday that he asked Elon Musk to leave the governmentwhile defending the “One Big Beautiful Bill”:
“The easiest way to save money in our budgetbillions and billions of dollars, is to end Elon’s subsidies and government contracts. I was always surprised that Biden didn’t do it! “
In addition, Trump declared: “Elon was” losing patience, “I asked him to leave, I removed his mandate of electric vehicles that forced everyone to buy electric cars that nobody else wanted (that he knew for months that he was going to do!), And simply went crazy!”
Market reaction
Tesla’s shares extend their intradication with the news, lowering approximately 12% in the day as an initial reaction to the holder. But things were not stopped there, and Tsla is currently 16% lower, dragging US indices the S&P 500 is 0.50% around the 5.940 area, while Nasdaq 100 loses 0.72% and is located in the 21,560 area.
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.
