{"id":1014,"date":"2025-07-01T15:08:41","date_gmt":"2025-07-01T15:08:41","guid":{"rendered":"http:\/\/logicalware.net\/?p=1014"},"modified":"2025-07-01T19:23:21","modified_gmt":"2025-07-01T19:23:21","slug":"tesla-shares-slump-in-early-trading-as-musk-trump-feud-reignites","status":"publish","type":"post","link":"http:\/\/logicalware.net\/index.php\/2025\/07\/01\/tesla-shares-slump-in-early-trading-as-musk-trump-feud-reignites\/","title":{"rendered":"Tesla shares slump in early trading as Musk-Trump feud reignites"},"content":{"rendered":"

Tesla stock tumbled Tuesday as founder Elon Musk continues to feud with President Trump over the pending GOP spending package<\/a>.<\/p>\n

Republicans have proposed a series of rollbacks in the bill, including a strike to electric vehicle (EV) credits, which could roil Tesla\u2019s profits.<\/p>\n

The company\u2019s stock dropped by almost 6 percent in early trading Tuesday, according to The Associated Press.<\/p>\n

Wedbush Securities analyst Dan Ives said Tuesday that investors fear the Trump administration will become \u201cmore hawkish\u201d toward the company and scrutinize federal contracts with Tesla, according to the AP.<\/p>\n

\u201cWe would expect the stock to be weak to kick off trading this morning as the Street will show concern that the Trump and Musk once BFF relationship now backfires and turns into a junior high school friendship gone bad into an enemy,\u201d he wrote.<\/p>\n

The dip follows a fluctuating trend<\/a> for the electric vehicle manufacturer over the past few months as Musk pegged his stake in Washington\u2019s political landscape and after the tech billionaire fell out with<\/a> Trump.<\/p>\n

The former White House adviser has encouraged lawmakers not to pass the spending legislation in its current form and vowed vengeance against those who refuse to change course, citing its impact on the national debt. <\/p>\n

\u201cWhat\u2019s the point of a debt ceiling if we keep raising it?\u201d Musk wrote in a Monday post on his social platform X.<\/p>\n

\u201cHitting the debt ceiling is the only thing that will actually force the government to cut waste and fraud. That\u2019s why the debt ceiling legislation exists!\u201d he added in an earlier post.<\/p>\n

The tech giant previously led the White House\u2019s Department of Government Efficiency (DOGE), dedicated to curtailing government spending in addition to exposing waste, fraud and abuse.<\/p>\n

Musk claims to have spurred massive reductions through the slashing of federal programs and contracts while alleging the Trump-backed megabill in Congress would hamper DOGE’s impact.<\/p>\n

But Trump pushed back Tuesday<\/a>, urging Musk to quiet down or face retaliation from the entity he once led in addition to losing EV subsidies<\/a>.<\/p>\n

\u201cWe might have to put DOGE on Elon. You know what DOGE is? DOGE is the monster that might have to go back and eat Elon. Wouldn\u2019t that be terrible? He gets a lot of subsidies,\u201d the president told reporters on the White House South Lawn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla stock tumbled Tuesday as founder Elon Musk continues to feud with President Trump over the pending GOP spending package. Republicans have proposed a series of rollbacks in the bill,<\/p>\n

Continue reading <\/use> <\/svg>Tesla shares slump in early trading as Musk-Trump feud reignites<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1014"}],"collection":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/comments?post=1014"}],"version-history":[{"count":1,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"predecessor-version":[{"id":1015,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1014\/revisions\/1015"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/media\/1016"}],"wp:attachment":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}