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Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.
Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.
Shares of electric vehicle maker Tesla tumbled 7% as the feud between CEO Elon Musk and Trump reignited over the weekend.
Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics was "exactly the opposite direction" investors wanted to see.
Tesla's valuation dropped $70 billion on Monday morning after President Trump called CEO Elon Musk a "TRAIN WRECK" over the weekend
El Mundo on MSN4dOpinion
From what has changed (and what hasn't) from Trump's 'tariff mania' to Musk's possible boredom with TeslaAnalysis of global trends that will eventually affect your wallet. If one looks at the global trade statistics published by the UN on Monday, they will come to the conclusion that they live in another galaxy.
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Irish Star on MSNDonald Trump's feud with Elon Musk has cost Tesla owner a huge amount of moneyThe astonishing public bonfire of the friendship between Donald Trump and Elon Musk has reportedly cost the tech entrepreneur £14.7 billion ($20 billion) and his investors have lost five times as much
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Tehelka on MSNTesla tests waters in India as EV giant faces global headwindsTesla, the electric vehicle (EV) giant that redefined the automotive industry, is finally entering India-a market long eyed but cautiously approached. The official opening of Tesla's first showroom in Mumbai in July 2025 marks a symbolic and strategic pivot.
Elon Musk's Tesla faces the loss of billions of dollars in government subsidies, following his explosive fallout with Donald Trump, after the president cut state support for green industries.
White House press secretary Karoline Leavitt made a surprise announcement revealing the cause of 'swelling' on US President Donald Trump's hands.
ICYMI: President Donald Trump’s “Liberation Day” tariffs delayed until August 1. The U.S. Department of Defense secured a rare earth deal with MP Materials to boost domestic production. Elon Musk’s “America Party” announcement sparks a $68 billion Tesla selloff.